Location: New Bedford, MA | Metro: New Bedford, MA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,240 | $422,363 | 0.29% | F |
| 2BR | $1,590 | $456,140 | 0.35% | F |
| 3BR | $1,890 | $521,147 | 0.36% | F |
| 4BR | $2,410 | $585,243 | 0.41% | F |
| 5BR | $2,796 | $661,712 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 02719, located in Fairhaven, MA, within the New Bedford, MA HUD Metro FMR Area, presents a unique opportunity for landlords and small-portfolio investors looking to build a strategic Section 8 portfolio. This area is best classified as a cash-flow anchor due to the significant spread between the Fair Market Rent (FMR) and the actual market rent.
In fiscal year 2024, the FMR for ZIP 02719 is set at $1490, which is notably higher than the market rent of $1118. This discrepancy means that landlords who participate in the Section 8 program can expect to receive a higher rental income compared to what they might get from traditional market renters. The difference of $372 per month can be a substantial buffer against potential increases in property maintenance costs or unexpected expenses.
Beyond the immediate financial benefits, the median home value in ZIP 02719 is $497,667, indicating a relatively stable housing market. However, the median income of $95,965 suggests that there is a segment of the population that would benefit from the Section 8 program, making it a viable option for property owners. The 25.6% renter share shows that there is a considerable demand for rental properties in the area, further supporting the case for Section 8 participation.
While the 0.3% price-cut share and the N/A-day Days on Market (DOM) indicate a low competition among sellers and a potentially quick sale process, these factors do not significantly impact the decision to classify ZIP 02719 as a cash-flow anchor. The primary focus for landlords and investors should be on the guaranteed income and stability provided by the Section 8 program, especially given the favorable spread between the FMR and market rent.
In conclusion, ZIP 02719 serves as an excellent cash-flow anchor within a Section 8 portfolio strategy. The high FMR relative to the market rent ensures a steady, reliable income stream, while the median home value and income levels suggest a balanced and stable local economy. For those looking to mitigate risks and secure long-term, consistent returns, this ZIP code is a solid choice.
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.