Location: Boston-Cambridge-Quincy, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
| 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 |
$2380 is the Fair Market Rent (FMR) for ZIP 02331 in fiscal year 2024, indicating the rental value benchmark set by HUD.
The lack of specific market rent, median home value, renter share, and median income data suggests that these figures are not readily available or have not been updated recently for ZIP 02331.
N/A-day DOM and N/A% price-cut share highlight the absence of detailed real estate transaction metrics for this area, making it challenging to assess the speed of property sales and the frequency of price reductions.
In ZIP 02331, there are currently 33 homes for sale listed on Zillow, including some bank-owned properties, which could be a consideration for investors looking for potential bargains.
One notable listing is a house priced at $36,000,000, featuring 12 bedrooms and 18 bathrooms, showcasing the high-end luxury market presence in the area.
A more typical offering in the market is a $1,850,000 home with 4 bedrooms and 3 bathrooms, indicating a significant gap between luxury and standard listings.
Another property listed at $1,450,000, with 4 bedrooms and 3 bathrooms, further illustrates the range of housing options available.
The presence of luxury listings such as the $3,200,000 and $3,700,000 homes underscores the diversity in the local real estate market, catering to various buyer segments.
A lower-priced option is a $1,199,600 home with 4 bedrooms and 3 bathrooms, which has seen a price reduction of $75,400, highlighting the competitive nature of the market.
Given the high FMR and the presence of luxury listings, ZIP 02331 appears favorable for Section 8 investments, especially considering the lack of specific market downturn indicators.
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.