Section 8 Fair Market Rent (FMR) for ZIP 02571 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 02571

• Brockton Housing Authority (Brockton, MA) - 1,946 Section 8 vouchers
• Plymouth Housing Authority (Plymouth, MA) - 640 Section 8 vouchers
• Rockland Housing Authority (Rockland, MA) - 157 Section 8 vouchers
• Middleborough Housing Authority (Middleborough, MA) - 157 Section 8 vouchers
• Abington Housing Authority (Abington, MA) - 89 Section 8 vouchers
• Pembroke Housing Authority (Pembroke, MA) - 86 Section 8 vouchers
• Hanson Housing Authority (Hanson, MA) - 34 Section 8 vouchers
• Hingham Housing Authority (Hingham, MA) - 28 Section 8 vouchers
• Halifax Housing Authority (Halifax, MA) - 17 Section 8 vouchers
• Scituate Housing Authority (Scituate, MA)

The town of Wareham, Massachusetts, located in ZIP code 02571, offers a blend of rural charm and suburban convenience, making it an attractive location for both residents and investors. The area is known for its natural beauty, with easy access to beaches and parks, while also providing proximity to urban amenities.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 02571 for fiscal year 2024 is set at $2380, indicating a moderate demand for rental properties in the area.
• The average market rent for a one-bedroom apartment, according to Census ACS data, is $1,537, which suggests that the rental market is competitive but stable.
• The median home value in Wareham is $469,211, reflecting a middle-class community where homeownership is accessible to many.
• Renters make up 19.0% of the housing market, showing a smaller but significant segment of the population that relies on rentals, suitable for small-scale investment opportunities.
• The days on market (DOM) for listings is 25 days, which is relatively quick and indicates a healthy real estate market with active buying and selling.
• The median household income in ZIP 02571 is $94,265, suggesting that residents have a solid financial standing and can support a range of property values and rents.

In summary, Wareham presents a balanced market for real estate investments, particularly in rental properties. With a moderate FMR and competitive market rents, coupled with a quick DOM and a stable median income, this area offers a good return on investment for those looking to enter the market with a small portfolio. The lower renter share implies potential for growth in the rental sector, making it an opportune time for landlords to consider expanding their holdings in this region.

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.