Location: Brockton, MA | Metro: Brockton, MA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,190 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $3,140 |
| 3 Bedrooms | $3,930 |
| 4 Bedrooms | $4,130 |
| 5 Bedrooms | $4,791 |
| 6 Bedrooms | $5,366 |
| 7 Bedrooms | $5,795 |
| 8 Bedrooms | $6,085 |
U.S. Census Bureau data (2024)
The ZIP code 02350 in Maine stands out due to its extremely low population density and unique housing characteristics. With only 118 residents, this area has no recorded instances of rental properties, indicating that all homes are likely owner-occupied. The lack of data on median income and median home value suggests that there is minimal variability in the economic conditions of the residents, possibly pointing towards a homogenous community.
Despite the sparse population, the Fair Market Rent (FMR) for ZIP 02350 has been set at $1990 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher, but without a comparable market rent figure, it's challenging to assess how this FMR aligns with local market conditions. Typically, landlords in areas with low population density might find fewer tenants interested in Section 8 vouchers, which could limit the utility of these vouchers in attracting stable, long-term renters.
The data signature for ZIP 02350 reads as "stable." The absence of any significant rental market and the low population suggest that the area is unlikely to experience rapid changes in housing demand or economic conditions. For landlords and small-portfolio investors, this stability means less risk but also potentially limited opportunities for growth through rental income. However, the presence of a defined FMR provides a clear benchmark for those who do wish to participate in the Section 8 program, ensuring they receive a fixed, government-determined rate for their properties.
Data Sources: FMR data from HUD (2027). 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.