Location: Boston-Cambridge-Quincy, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,130 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,650 | $829,373 | 0.32% | F |
| 3BR | $3,180 | $861,295 | 0.37% | F |
| 4BR | $3,510 | $1,062,903 | 0.33% | F |
| 5BR | $4,072 | $1,324,506 | 0.31% | F |
U.S. Census Bureau data (2024)
Topsfield, MA, located in Essex County, has a unique demographic profile that sets it apart from other ZIP codes. With a population of 6,564, only 9.6% of residents are renters, indicating a predominantly owner-occupied community. The median household income is robust at $195,718, reflecting a high standard of living. Home values are also notably high, with a median home value of $964,365, which places Topsfield among the more expensive areas in the region.
The economics of Section 8 vouchers in ZIP code 01983 are particularly favorable for landlords. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2,380, significantly higher than the actual market rent of $1,115 reported by the Census Bureau's American Community Survey (ACS). This disparity means that landlords can potentially receive a substantial subsidy for renting their properties under the Section 8 program, making it an attractive option for property owners looking to secure long-term tenants without sacrificing rental income.
Based on the data signature, ZIP code 01983 appears to be stable rather than transitional. The high median income and home values suggest a mature, affluent community where significant changes are unlikely. While the low percentage of renters might indicate limited demand for rental properties, the favorable voucher economics could help stabilize the rental market and provide a reliable source of income for landlords participating in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.