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

Investment Score for ZIP 02766

Monthly Rent (2BR)

$2,810

Median Price (2BR)

$447,482

1% Rule

0.63%

Annual Yield

7.54%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,150	$380,770	0.56%	F
2BR	$2,810	$447,482	0.63%	D
3BR	$3,350	$597,953	0.56%	F
4BR	$3,690	$798,996	0.46%	F
5BR	$4,280	$895,504	0.48%	F

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

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). 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.