Location: Taunton-Mansfield-Norton, MA | Metro: Taunton-Mansfield-Norton, MA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
The ZIP code 02712 in Taunton-Mansfield-Norton County, Massachusetts, presents unique characteristics that distinguish it from other areas. However, due to the lack of specific data points such as the number of residents, percentage of renters, median income, and median home value, the exact nature of these distinctions remains unclear.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 02712 for fiscal year 2024 is set at $1570. This figure is crucial for landlords and small-portfolio investors as it represents the maximum rent that can be charged for a Section 8 voucher. The absence of current market rent data for comparison means that we cannot definitively state how competitive or attractive this FMR is relative to the local rental market.
In terms of economic stability, the data signature for ZIP 02712 indicates a transitional phase. With incomplete data on key metrics such as population size, rental rates, and income levels, it's challenging to make a comprehensive assessment. However, the availability of Section 8 vouchers suggests a need for affordable housing options, which often correlates with transitional dynamics within a community. Landlords should monitor local trends closely to understand the evolving landscape and make informed decisions about their investment strategies.
Data Sources: FMR data from HUD (2027).
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.