Section 8 Fair Market Rent (FMR) for ZIP 02305 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 02305, located in Middleborough, Massachusetts, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its blend of suburban charm and access to urban amenities, making it a desirable location for families and individuals alike.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 02305 for fiscal year 2024 is set at $1990.
• The market rent for the area is currently not available, which can make it challenging to gauge the competitive landscape.
• The median home value in the area is also not available, indicating a lack of comprehensive data on residential property values.
• The percentage of residents who are renters is not specified, which means there's an unknown portion of the population relying on rental properties.
• The average number of days a property remains on the market (DOM) before being rented is not available, suggesting a need for further research into local rental dynamics.
• The median household income for the area is not available, which is crucial for understanding the financial capabilities of potential tenants.

Despite the gaps in data regarding market rent, median home value, renter share, DOM, and median income, the established Fair Market Rent of $1990 for a two-bedroom unit provides a solid benchmark for landlords and small-portfolio investors. This figure indicates the government's valuation of what constitutes a reasonable rent for subsidized housing, which can be used to set rents that attract eligible tenants while ensuring financial stability. However, without additional metrics such as market rent and median income, investors must proceed with caution, possibly conducting more localized research to fill these informational voids. The uncertainty around other key indicators suggests a less predictable market, but the presence of Section 8 funding can still offer a reliable stream of income for those willing to navigate the complexities.

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.