Location: Brockton, MA | Metro: Brockton, MA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,700 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,440 |
| 3 Bedrooms | $3,050 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
1990 is the Fair Market Rent (FMR) for ZIP 02304 in fiscal year 2024. This figure is critical for understanding the rental market dynamics, especially for those considering properties under the Section 8 program. While the specific market rent, median home value, renter share, median income, days on market (DOM), and price-cut share percentages are not provided, the FMR serves as a benchmark for evaluating property values and potential rental incomes.
1990 FMR suggests that landlords should aim to set their rents competitively but also consider the cost of living adjustments and maintenance expenses when determining pricing. It's important to note that the FMR is calculated to ensure that low-income families can afford decent housing, so it represents a lower threshold rather than the average market rate.
Given the lack of detailed local real estate metrics such as median home value or median income, investors should conduct further research using local real estate platforms or consult with local real estate agents to understand the broader economic context of ZIP 02304. This includes assessing the demand for rental properties and the potential for appreciation in property values over time.
1990 FMR also implies that landlords participating in the Section 8 program must be prepared to accept a fixed rent amount that may not reflect the full market value of their properties. However, the stability and reliability of tenants who receive government assistance can offset this limitation.
1990 FMR is a key figure for those interested in the Section 8 program, indicating the maximum allowable rent for a two-bedroom unit in ZIP 02304. This sets a clear boundary for landlords who wish to participate in the program, ensuring they comply with HUD guidelines.
Verdict: ZIP 02304 offers a stable rental market with the $1990 FMR serving as a solid guideline for Section 8 participation. Landlords should carefully evaluate the long-term benefits of tenant reliability against the limitations of fixed rent amounts.
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.