Section 8 Fair Market Rent (FMR) for ZIP 02070 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 02070 in Massachusetts for fiscal year 2024 is set at $2810. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not necessarily the amount you will receive; rather, it's the benchmark used to determine if the rent you charge is reasonable.

In ZIP 02070, the FMR of $2810 is the payment standard, meaning any rent above this amount would likely not be covered by the voucher program. Local market rents are currently listed as N/A, which suggests there isn't enough data to provide an accurate comparison. However, the N/A% of renters who rely on housing assistance indicates a significant portion of the population might be interested in Section 8 rentals, creating potential demand for your property.

The median home value in the area is also listed as N/A, which could imply that acquiring a property suitable for a Section 8 tenant might come at a lower cost compared to other areas. This can be advantageous if you're looking to minimize initial investment while ensuring steady income through the voucher program.

Before proceeding with your first Section 8 rental in ZIP 02070, ensure that your property meets all the necessary inspection criteria set by the local housing authority. This includes safety standards, maintenance requirements, and cleanliness expectations. Failure to meet these standards can result in disqualification from the program, regardless of the FMR.

Data Sources: FMR data from HUD (2027).

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.