Location: Boston-Cambridge-Quincy, 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 |
|---|---|---|---|---|
| 1BR | $2,230 | $424,262 | 0.53% | F |
| 2BR | $2,650 | $526,615 | 0.5% | F |
| 3BR | $3,180 | $679,535 | 0.47% | F |
| 4BR | $3,510 | $897,495 | 0.39% | F |
| 5BR | $4,072 | $1,011,967 | 0.4% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 02364 in Kingston, MA, reveals a unique balance between yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,380, which is notably lower than the market rent of $2,505. This suggests that landlords can expect slightly above average rents, indicating a moderate yield potential.
When considering the median home value of $685,540, it's clear that the area is relatively affluent. However, the percentage of renters at 18.8% is quite low, suggesting a predominantly owner-occupied market. This low rental rate could imply less demand for rental properties, potentially affecting vacancy rates and tenant turnover. The lack of data on days on market (DOM) makes it challenging to assess how quickly properties might be rented out, but the high median income of $119,876 indicates that tenants who do rent are likely to have stable financial situations.
To summarize, ZIP 02364 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The slightly higher-than-FMR market rent points toward a modest yield opportunity, while the high median income and relatively low rental rate suggest a stable tenant base. Landlords should focus on long-term investments and maintaining quality properties to attract and retain tenants, given the affluent nature of the neighborhood and the limited rental demand.
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.