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 | $3,100 |
| 1 Bedroom | $3,200 |
| 2 Bedrooms | $3,820 |
| 3 Bedrooms | $4,550 |
| 4 Bedrooms | $5,020 |
| 5 Bedrooms | $5,823 |
| 6 Bedrooms | $6,522 |
| 7 Bedrooms | $7,044 |
| 8 Bedrooms | $7,396 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,200 | $564,224 | 0.57% | F |
| 2BR | $3,820 | $803,643 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 02113 in Boston, Massachusetts, for fiscal year 2024 is set at $3,450. This figure represents the maximum amount that a landlord can receive from the federal government's Housing Choice Voucher program, commonly known as Section 8, for renting a unit to a qualified tenant. It is important to note that this is not the actual rent you will charge your tenants; it is the reimbursement limit.
In comparison, the Zillow Observed Rental Index (ZORI), which reflects the average rent prices in the area, stands at $3,449. This indicates that the FMR closely aligns with the market rates in ZIP 02113, ensuring that landlords are fairly compensated based on the local rental standards.
The demand for rentals in this area is robust, with 84.4% of residents being renters. This high percentage suggests a strong rental market where there is likely to be a steady flow of potential tenants. The median home value in ZIP 02113 is approximately $727,440, which underscores the financial commitment required to acquire property in this area. Given the high renter share, properties participating in the Section 8 program can expect consistent occupancy and stable income.
Before proceeding with a Section 8 rental, it is crucial to verify that your property meets all the necessary requirements set forth by the program. This includes ensuring that the unit passes a housing quality standards inspection and that the rent is within the established limits. Once these criteria are confirmed, landlords can confidently move forward with their Section 8 rental plans, knowing they will receive reliable payments and have a good chance of attracting tenants.
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.