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 | $454,129 | 0.58% | F |
| 3BR | $3,180 | $579,456 | 0.55% | F |
| 4BR | $3,510 | $683,372 | 0.51% | F |
| 5BR | $4,072 | $713,797 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 02346, located in Middleborough, MA, is home to a population of 24,505 individuals. With 23.1% of residents being renters, it indicates that this area is moderately renter-heavy, though not dominated by renters. The median household income stands at $97,056, which is relatively high compared to national averages.
The typical market rent in this ZIP code is $2,144 per month. To put this into perspective, the average rent constitutes approximately 27.8% of the median household income, calculated by dividing the monthly rent ($2,144) by the annual median income ($97,056) and multiplying by 12. This suggests that while rent is a significant portion of income, it is still manageable for many households.
The Fair Market Rent (FMR) for ZIP 02346, as determined by HUD for FY 2024, is $2,380. This figure is higher than the current market rent, indicating that there might be some room for rent increases, but also suggesting that the existing rent is already below the federally recognized fair market value.
Given the income levels and the market rent, landlords can expect a tenant pool that is largely capable of affording housing without significant reliance on vouchers. However, the presence of Section 8 tenants could still be substantial due to the high cost of living and the need for financial assistance among lower-income families. The percentage of renters who would require vouchers is likely to be lower than in areas with less median income.
In conclusion, landlords in ZIP 02346 should anticipate a tenant profile that includes a mix of individuals and families with varying income levels, many of whom can afford the typical market rent without assistance. However, some tenants will rely on vouchers to meet their housing needs, especially those with incomes below the median. The demand for vouchers is present but not overwhelming, making it a balanced market for both subsidized and unsubsidized rentals.
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.