Section 8 Fair Market Rent (FMR) for ZIP 02367 - 2027

Investment Score for ZIP 02367

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor considering Plympton, MA (ZIP 02367) might raise several concerns regarding the feasibility of investing in the area through the lens of Section 8 housing. Let's address these concerns head-on using available data.

• Will FMR $2380 (zip FY 2024) cover the mortgage on a $669,064 home? The Fair Market Rent (FMR) for ZIP 02367 in fiscal year 2024 is set at $2380. This figure represents the average monthly rent that a tenant can expect to pay under the Section 8 program. To determine if this amount will sufficiently cover a mortgage, we must consider typical mortgage rates and terms. Assuming a 30-year fixed-rate mortgage at an interest rate of 4%, the monthly payment on a $669,064 home would be approximately $3250. At first glance, the FMR does not cover the entire mortgage payment. However, it's important to note that property values and mortgage rates fluctuate. Investors should also factor in potential tax benefits and other incentives that come with Section 8 properties.
• Is there enough renter demand at 6.9%? The rental vacancy rate for ZIP 02367 stands at 6.9%. While this percentage indicates a relatively low vacancy rate compared to some areas, it still leaves room for skepticism regarding the demand for Section 8 units. A vacancy rate below 7% generally suggests a tight rental market, which could mean strong demand for affordable housing options. However, the data alone does not specify how much of this demand is specifically for Section 8 housing. It's crucial for investors to conduct further local market research to gauge the actual demand for subsidized housing.
• Will vouchers keep pace with $555 market rents? The voucher payment standard for ZIP 02367 is $555, which is the maximum amount a landlord can receive per unit from the housing authority. If the market rent for similar units is higher, the difference must be paid by the tenant. Given the FMR of $2380, tenants eligible for Section 8 might struggle to afford additional costs above the voucher amount. The data does not provide projections on whether voucher payments will increase to meet rising market rents. Therefore, investors should prepare for potential shortfalls and consider the financial implications of relying on tenants to cover the gap.

In conclusion, while ZIP 02367 presents opportunities for Section 8 investment, the data highlights significant challenges. The FMR may not fully cover mortgage expenses, the rental demand is uncertain for subsidized housing specifically, and voucher payments may lag behind market rents. These factors require careful consideration and strategic planning for any investor entering this market.

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.