Location: Providence-Fall River, RI | Metro: Boston-Cambridge-Quincy, MA-NH 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 | $2,130 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,230 | $216,674 | 1.03% | B |
| 2BR | $2,650 | $379,207 | 0.7% | D |
| 3BR | $3,180 | $594,571 | 0.53% | F |
| 4BR | $3,510 | $783,861 | 0.45% | F |
| 5BR | $4,072 | $846,273 | 0.48% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 02760, located in North Attleboro, MA, within the Providence-Fall River, RI-MA HUD Metro FMR Area, reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably for landlords. The Fair Market Rent (FMR) for ZIP 02760 in fiscal year 2024 is set at $2380, whereas the actual market rent (ZORI) stands at $2,197. This indicates that landlords may be overestimating their potential rental income based on HUD guidelines, which could lead to difficulties in attracting tenants willing to pay the higher rent.
Acquisition of properties in this area is relatively affordable. The median home value is $600,108, making it a manageable investment for those looking to enter the market. However, the lack of data on days on market (DOM) and the low price-cut share of 0.1% suggest that homes are selling quickly without significant discounts, indicating a competitive market but also a stable one where values are holding steady.
Tenant demand is present but not overwhelming. With a population of 29,177 and a renter share of 27.4%, there is a notable segment of individuals who are likely to seek rental accommodations. This suggests that landlords can find tenants, though competition for renters may exist given the slightly inflated FMR compared to the ZORI.
In conclusion, while the rent math in ZIP 02760 leans unfavorably towards landlords due to the discrepancy between FMR and ZORI, the area remains an attractive investment opportunity for property acquisition. The stable housing market and presence of tenant demand make it a viable option for landlords and investors willing to adjust their rental pricing expectations to align with the actual market rates. Despite the challenges, the overall environment supports a sustainable rental business model.
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.