Location: Easton-Raynham, MA | Metro: Easton-Raynham, MA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,960 |
| 1 Bedroom | $2,200 |
| 2 Bedrooms | $2,620 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,650 |
| 5 Bedrooms | $4,234 |
| 6 Bedrooms | $4,742 |
| 7 Bedrooms | $5,121 |
| 8 Bedrooms | $5,377 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 02357 in Maine for fiscal year 2024 is set at $2540. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum amount that a landlord can receive through the Section 8 program. It is important to note that this is not the rent you will charge your tenants directly; rather, it is the benchmark HUD uses to calculate the subsidy provided to eligible low-income families.
While the local median rent is listed as N/A, indicating incomplete data, the percentage of renters in the area is also N/A%, which suggests that there is a significant demand for rental properties. The lack of specific figures for median rent and renter share does not diminish the value of the FMR as a guide for potential subsidies. However, it does highlight the need for additional research into the local rental market to understand typical rents and tenant needs.
The acquisition cost for properties in ZIP 02357 is listed as N/A, which again points to the necessity of further investigation into property values in the area. Understanding the typical costs of acquiring a rental property is crucial for determining whether the Section 8 payment standard of $2540 will be sufficient to cover your expenses and provide a reasonable return on investment.
Before proceeding with your first Section 8 rental in ZIP 02357, ensure that you verify the actual condition of the property against HUD's Housing Quality Standards (HQS). These standards specify the minimum acceptable conditions for housing units participating in the Section 8 program. Meeting these criteria is non-negotiable and essential for securing a contract with the program.
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.