Section 8 Fair Market Rent (FMR) for ZIP 02222 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 02222, located in Massachusetts, represents a unique blend of urban amenities and suburban tranquility. This area is known for its strong community feel, excellent schools, and proximity to major employment centers, making it an attractive location for both homeowners and renters.

• The Fair Market Rent (FMR) for ZIP 02222 for fiscal year 2024 is set at $2930. This figure serves as a benchmark for rental pricing in the area.
• Market rent data is currently unavailable for ZIP 02222, which can make it challenging to gauge the exact rental rates being charged by landlords in the area.
• The median home value is also not available, suggesting that the area may lack comprehensive real estate sales data or has a low volume of home sales.
• Renter share data is missing, indicating that the percentage of residents who are renters versus owners is unknown, but this area likely attracts a mix of both.
• The days on market (DOM) data is unavailable, which means we cannot determine how quickly properties are selling or renting in this area.
• Median income data is not available, so the financial stability and earning power of the local population remains unclear.

In summary, while the Fair Market Rent provides a solid reference point for setting competitive rental prices, the absence of other key metrics such as market rent, median home values, and median income limits the ability to fully assess the investment potential of ZIP 02222. Landlords and small-portfolio investors should focus on the FMR as a guide but remain vigilant about gathering additional local insights to make informed decisions.

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.