Location: Boston-Cambridge-Quincy, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,400 |
| 1 Bedroom | $2,480 |
| 2 Bedrooms | $2,960 |
| 3 Bedrooms | $3,530 |
| 4 Bedrooms | $3,890 |
| 5 Bedrooms | $4,512 |
| 6 Bedrooms | $5,053 |
| 7 Bedrooms | $5,457 |
| 8 Bedrooms | $5,730 |
The Section 8 analysis for ZIP code 02269 in Massachusetts reveals a unique set of conditions that distinguish it from other areas within the Boston-Cambridge-Quincy County. Due to the absence of specific demographic data such as resident count, percentage of renters, median income, and median home value, the focus shifts entirely to the economic viability of participating in the Section 8 program.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 02269 is set at $2810 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum rental amount that can be charged for a unit under the Section 8 program. Without concrete market rent data for comparison, it's imperative to understand that the FMR serves as a benchmark for affordability in subsidized housing programs.
The lack of detailed demographic information suggests that the ZIP 02269 area may be undergoing significant changes, making it difficult to pinpoint exact trends. However, the presence of a defined FMR indicates that there is a demand for affordable housing solutions within the region, which could be an opportunity for landlords willing to participate in the Section 8 program.
Given the limited data available, it's challenging to definitively classify the ZIP 02269 area as either stable or transitional. The absence of key demographic indicators points towards potential instability or rapid change, but the consistent provision of FMR data by the government signals a continued need for affordable housing support. Landlords should consider the broader context of the Boston metropolitan area when evaluating the risks and rewards of investing in this ZIP code through the Section 8 program.
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.