Section 8 Fair Market Rent (FMR) for ZIP 02050 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 02050

• Brockton Housing Authority (Brockton, MA) - 1,946 Section 8 vouchers
• Plymouth Housing Authority (Plymouth, MA) - 640 Section 8 vouchers
• Rockland Housing Authority (Rockland, MA) - 157 Section 8 vouchers
• Middleborough Housing Authority (Middleborough, MA) - 157 Section 8 vouchers
• Abington Housing Authority (Abington, MA) - 89 Section 8 vouchers
• Pembroke Housing Authority (Pembroke, MA) - 86 Section 8 vouchers
• Hanson Housing Authority (Hanson, MA) - 34 Section 8 vouchers
• Hingham Housing Authority (Hingham, MA) - 28 Section 8 vouchers
• Halifax Housing Authority (Halifax, MA) - 17 Section 8 vouchers
• Scituate Housing Authority (Scituate, MA)

The ZIP code 02050, located in Marshfield, Massachusetts, is characterized by its suburban setting and proximity to both Boston and Cape Cod, making it an attractive location for families and professionals alike. The area offers a mix of single-family homes and rental properties, catering to diverse housing needs.

• The Fair Market Rent (FMR) for ZIP 02050 is set at $2380 for the fiscal year 2024, indicating the government's benchmark for rental costs in the area.
• The market rent, as measured by the Zillow Observed Rent Index (ZORI), stands at $2,416, suggesting that rental prices are slightly above the FMR, reflecting the local demand for housing.
• The median home value in the area is $793,536, which is indicative of the overall property values and can influence the rental market dynamics.
• Renters make up 19.1% of the population, showing a relatively small but significant rental market presence.
• The median income in ZIP 02050 is $126,241, which is higher than the national average, implying that residents have a strong purchasing power and can afford higher rents.

The combination of a robust median income and a fair market rent that is slightly below the actual market rent suggests that the rental market in Marshfield, MA, is healthy and likely to sustain current pricing levels. Given the median home value and the proportion of renters, there is potential for growth in the rental sector, particularly for properties that offer amenities and qualities desired by families and professionals. Investors should focus on properties that can command rents close to the ZORI while ensuring they remain competitive with the FMR.

Data Sources: FMR data from HUD (2027). 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.