Section 8 Fair Market Rent (FMR) for ZIP 02457 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 02457

• Quincy Housing Authority (Quincy, MA) - 2,356 Section 8 vouchers
• Brookline Housing Authority (Brookline, MA) - 1,409 Section 8 vouchers
• Dedham Housing Authority (Dedham, MA) - 579 Section 8 vouchers
• Braintree Housing Authority (Braintree, MA) - 504 Section 8 vouchers
• Norwood Housing Authority (Norwood, MA) - 345 Section 8 vouchers
• Weymouth Housing Authority (Weymouth, MA) - 229 Section 8 vouchers
• Milton Housing Authority (Milton, MA) - 218 Section 8 vouchers
• Needham Housing Authority (Needham, MA) - 123 Section 8 vouchers
• Walpole Housing Authority (Walpole, MA) - 98 Section 8 vouchers
• Holbrook Housing Authority (Holbrook, MA) - 85 Section 8 vouchers

The decision to invest in ZIP code 02457 for Section 8 properties hinges on three key factors:

• Does the Fair Market Rent (FMR) of $3820 cover the debt service on a property? This is the first critical question. Without knowing the specific property's debt service, it's impossible to give a definitive yes or no. However, if your debt service is lower than $3820, you can proceed to the next question.
• Is the market rent above, at, or below the FMR? The current market rent is not specified, but if it is above $3820, then the area is overpriced for Section 8 tenants, making it a poor choice unless you can attract non-Section 8 tenants willing to pay higher rents. If the market rent is around $3820 or slightly below, it suggests that the market is aligned with Section 8 rates, making it a viable option.
• Are there enough renters and a reasonable days on market (DOM) to meet demand? Again, without specific percentages of renters and DOM figures, a precise answer cannot be given. However, if the percentage of renters is high and the DOM is low, it indicates strong demand and quick turnover, which is favorable for Section 8 investments.

If all conditions align—debt service is covered by the FMR, market rent is close to the FMR, and there is sufficient rental demand—the answer is yes, ZIP 02457 could be a good investment for Section 8 properties. Otherwise, it depends on how these factors balance out. For instance, if debt service is barely covered by the FMR, but rental demand is very high, it might still be worth considering. Conversely, if the market rent significantly exceeds the FMR, but demand is strong, you would need to consider whether you can find properties that fit within the FMR budget.

A clear no would arise if any of these conditions fail notably. For example, if the debt service is much higher than $3820, or if the market rent is well above the FMR and demand is weak, investing in ZIP 02457 for Section 8 purposes would not be advisable.

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.