Section 8 Fair Market Rent (FMR) for ZIP 02766 - 2027

Location: Taunton-Mansfield-Norton, MA | Metro: Providence-Fall River, RI-MA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,960
1 Bedroom	$2,150
2 Bedrooms	$2,810
3 Bedrooms	$3,350
4 Bedrooms	$3,690
5 Bedrooms	$4,280
6 Bedrooms	$4,794
7 Bedrooms	$5,178
8 Bedrooms	$5,437

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

19,240

Median Household Income

$124,535

Housing Units

6,791

Renter Percentage

16.2%

Occupancy Rate

97.9%

Renter Occupied

1,078

Housing Authorities Serving ZIP 02766

Fall River Housing Authority (Fall River, MA) - 2,489 Section 8 vouchers
New Bedford Housing Authority (New Bedford, MA) - 1,932 Section 8 vouchers
Taunton Housing Authority (Taunton, MA) - 1,165 Section 8 vouchers
Dartmouth Housing Authority (Dartmouth, MA) - 201 Section 8 vouchers
Attleboro Housing Authority (Attleboro, MA) - 200 Section 8 vouchers
Mansfield Housing Authority (Mansfield, MA) - 137 Section 8 vouchers
North Attleborough Housing Authority (North Attleboro, MA) - 108 Section 8 vouchers
Easton Housing Authority (North Easton, MA) - 104 Section 8 vouchers
Swansea Housing Authority (Swansea, MA)

The ZIP code 02766, located in Norton, Massachusetts, presents a stable real estate market with opportunities for both landlords and small-portfolio investors. Nestled in the heart of Bristol County, Norton offers a blend of suburban tranquility and proximity to urban amenities, making it attractive for various demographics.

The Fair Market Rent (FMR) for a two-bedroom apartment in Norton for fiscal year 2024 is set at $2,630, providing a benchmark for rental pricing.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $2,894, suggesting that actual rents are slightly above the FMR, indicating a healthy demand for rental properties.
The median home value in Norton is $586,467, reflecting a moderate to high-value residential market.
Renters make up 16.2% of the population, indicating a significant but not overwhelming rental market share.
The median income in Norton is $124,535, which supports higher-end rental properties and can influence the types of tenants attracted to the area.

Analyzing these data points, Norton offers a balanced market with potential for steady returns on investment. The slight premium of market rents over the FMR suggests a robust rental environment, while the median home value indicates a stable property appreciation trend. The relatively low renter share means competition among landlords might be less intense, but also implies that rental properties should cater to a mix of affordability and luxury to attract diverse tenants. With a strong median income, Norton supports higher-quality rental offerings, potentially leading to higher rental rates and better tenant retention.

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.