Section 8 Fair Market Rent (FMR) for ZIP 02718 - 2027

Location: Easton-Raynham, MA | Metro: Taunton-Mansfield-Norton, MA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,750
1 Bedroom	$1,920
2 Bedrooms	$2,510
3 Bedrooms	$2,990
4 Bedrooms	$3,320
5 Bedrooms	$3,851
6 Bedrooms	$4,313
7 Bedrooms	$4,658
8 Bedrooms	$4,891

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,878

Median Household Income

$109,500

Housing Units

2,580

Renter Percentage

11.5%

Occupancy Rate

95.3%

Renter Occupied

283

ZIP code 02718, located in Massachusetts, is a suburban area that offers a mix of residential living and proximity to urban amenities. The region is characterized by its stable housing market and a relatively high median income, making it attractive for both homeowners and renters.

The Fair Market Rent (FMR) for ZIP 02718 for fiscal year 2024 is set at $2,220, indicating the government's benchmark for rental costs in the area.
The average market rent, according to the Census ACS, stands at $1,703, which is below the FMR, suggesting that there might be room for rental price increases.
The median home value in ZIP 02718 is $571,725, reflecting a robust real estate market where property values are likely to appreciate over time.
Renters make up 11.5% of the population, showing that while the majority prefer homeownership, there is still a significant demand for rental properties.
The median income in the area is $109,500, which is higher than the national average, providing a strong financial base for potential tenants and buyers.

Synthesizing these points, ZIP 02718 presents a favorable investment climate for landlords and small-portfolio investors. The discrepancy between the FMR and the actual market rent suggests potential for rental growth, while the high median income supports the ability of residents to pay higher rents. Despite the low renter share, the combination of stable property values and a financially secure population makes this area a reliable choice for real estate investments. However, the lack of data on days on market (DOM) for rentals indicates a need for further investigation into the local rental turnover rates to better understand the liquidity of the rental market.

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.