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 | $2,380 |
| 1 Bedroom | $2,460 |
| 2 Bedrooms | $2,940 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $3,860 |
| 5 Bedrooms | $4,478 |
| 6 Bedrooms | $5,015 |
| 7 Bedrooms | $5,416 |
| 8 Bedrooms | $5,687 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,460 | $363,663 | 0.68% | D |
| 2BR | $2,940 | $550,962 | 0.53% | F |
| 3BR | $3,500 | $705,313 | 0.5% | F |
| 4BR | $3,860 | $825,494 | 0.47% | F |
| 5BR | $4,478 | $957,486 | 0.47% | F |
U.S. Census Bureau data (2024)
2560 is the Fair Market Rent (FMR) for ZIP code 02122 in Boston, MA, for fiscal year 2024, indicating the maximum amount a Section 8 participant can be expected to pay for housing in this area. 2902 represents the market rent (ZORI), which is lower than the FMR, suggesting that landlords participating in the program could potentially receive slightly higher rents compared to the local market average. 672828 is the median home value in this ZIP code, reflecting a high cost of living that might influence property investment decisions. 55.2 is the percentage of the population that rents, highlighting a significant demand for rental properties in the area. 86150 is the median income figure, showing that while incomes are relatively high, the cost of living is also substantial, making affordable housing a critical need. The day DOM (Days on Market) is N/A, which means there isn't enough data to determine how long properties typically stay on the market before being rented out, but the low price-cut share of 0.1 indicates that rental prices in this area are generally stable and competitive. Given these figures, the Section 8 program presents a reliable source of tenants for landlords in ZIP 02122, ensuring steady cash flow and reducing vacancy risks.
For landlords and small-portfolio investors considering Section 8 participation in ZIP 02122, the numbers speak to a robust rental market where demand exceeds supply, and the program offers a stable tenant base. However, the gap between the FMR at 2560 and the market rent at 2902 suggests that landlords may want to carefully consider their pricing strategies to ensure profitability while adhering to program guidelines. With a median home value of 672828 and median income at 86150, the financial landscape supports a strong presence of Section 8 participants who are seeking affordable housing options. The 55.2 renter share further underscores the viability of the rental market here. In conclusion, the data points towards a favorable environment for Section 8 participation, offering a mix of stability and potential for positive returns.
Verdict: ZIP 02122 is a good fit for Section 8 landlords looking for a stable rental market with high demand.
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.