Location: Brockton, 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 | $2,130 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,650 | $464,621 | 0.57% | F |
| 3BR | $3,180 | $564,419 | 0.56% | F |
| 4BR | $3,510 | $648,051 | 0.54% | F |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $2380 for ZIP 02322 in Avon, MA, can sufficiently cover the mortgage on a home priced at $571,878. According to recent data, the median owner costs (with mortgage) in ZIP 02322 are $2,419 per month. While this figure is slightly above the FMR, it suggests that rental income could indeed help offset mortgage expenses. However, the exact coverage will depend on individual mortgage terms, interest rates, and property taxes.
The renter demand in ZIP 02322 stands at 24.3%, which might prompt concerns about whether this is sufficient. In Avon, the percentage of renter-occupied units is lower than the national average, indicating a smaller pool of potential tenants. Despite this, the local economy is projected to grow by 40.8% over the next decade, outpacing the US average of 33.5%. This economic growth could lead to increased renter demand, though the data does not provide a direct correlation between economic growth and rental occupancy rates.
Another objection could be whether housing vouchers will keep up with the $1,558 market rents. Unfortunately, the data does not specifically address the trend of housing voucher usage in ZIP 02322. However, it's worth noting that voucher programs often adjust their payment standards based on local market conditions. Given the current FMR and market rents, landlords should expect some variance in how much vouchers can cover, but they generally aim to ensure affordable housing remains accessible.
In conclusion, while the FMR and median owner costs indicate that rental income can contribute significantly to covering mortgage expenses, the relatively low renter demand percentage requires careful consideration. Economic growth projections suggest a positive outlook for future tenant availability, but this is not guaranteed. Lastly, the adequacy of housing vouchers in covering market rents remains uncertain without specific trend data, although adjustments are typically made to reflect local housing costs.
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.