Section 8 Fair Market Rent (FMR) for ZIP 02337 - 2027
Location: Brockton, MA | Metro: Brockton, MA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
A skeptical investor might raise several concerns regarding ZIP 02337 (Elmwood, MA) for Section 8 real estate investments. Let's address these concerns using the available data.
- Will FMR $1990 (zip FY 2024) cover the mortgage on a home?: The Fair Market Rent (FMR) for ZIP 02337 is set at $1990 for FY 2024. However, without specific data on average home values and mortgage rates in ZIP 02337, it is challenging to definitively state whether this FMR will cover the mortgage. It is crucial to consider the individual property's value and financing terms.
- Is there enough renter demand at 0%?: According to recent data from Realtor.com, ZIP 02337 has a rental market that is currently stable. While the exact percentage of renter demand is not provided, the median home price and rental trends suggest a steady demand. However, the lack of precise vacancy rate data makes it difficult to assess the exact level of demand.
- Will vouchers keep pace with market rents?: The Housing Choice Voucher Program, also known as Section 8, provides assistance to over 2.3 million American families. According to HUD's Housing Choice Voucher Tenants page, voucher payments are adjusted annually to reflect changes in market conditions. However, specific data on voucher usage and funding in ZIP 02337 is limited. The Mass.gov tool can help determine the payment standard for this area, which indicates the maximum amount a voucher will cover. This tool should be used to ensure that voucher payments align with local market rents.
The data suggests that while there are some gaps in specific figures, the overall stability of the rental market and the annual adjustments to voucher payments indicate a reasonable chance for success in Section 8 real estate investments in ZIP 02337. Careful consideration of individual property values and financing terms remains essential.
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.