Section 8 Fair Market Rent (FMR) for ZIP 02764 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,550
1 Bedroom	$1,700
2 Bedrooms	$2,230
3 Bedrooms	$2,660
4 Bedrooms	$2,930
5 Bedrooms	$3,399
6 Bedrooms	$3,807
7 Bedrooms	$4,112
8 Bedrooms	$4,318

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,436

Median Household Income

$135,640

Housing Units

1,490

Renter Percentage

13.6%

Occupancy Rate

99.1%

Renter Occupied

201

The ZIP code 02764, located in Massachusetts, represents a suburban area that is primarily residential with a mix of single-family homes and some multi-family units. The region benefits from its proximity to urban centers while maintaining a quieter, more community-oriented atmosphere.

Fair Market Rent (FMR) for a 2-bedroom apartment in ZIP 02764 for fiscal year 2024 is set at $1,950.
The average market rent for the area, according to Census ACS data, is $1,472.
The median household income in ZIP 02764 is $135,640, indicating a relatively affluent population.
Renters make up 13.6% of the housing market in this ZIP code, suggesting a smaller but still significant rental demand.
The median home value is not available, which could imply a diverse range of property values or a lack of sufficient data points.
The days on market (DOM) for properties is not applicable (N/A), possibly due to limited sales activity or recent changes in reporting practices.

The disparity between the Fair Market Rent and the average market rent suggests potential for upward adjustment in rental pricing, especially for higher-end units. With a median income of $135,640, tenants in this area are likely able to afford higher rents, making it a favorable location for rental investments. However, the relatively low renter share indicates that there may be fewer opportunities for rental properties compared to areas with a higher proportion of renters. Despite these factors, the overall economic strength of the area supports a stable investment environment for landlords and small-portfolio investors.

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.