Location: Easton-Raynham, MA | Metro: Brockton, 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 | $1,830 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,430 |
| 3 Bedrooms | $2,890 |
| 4 Bedrooms | $3,390 |
| 5 Bedrooms | $3,932 |
| 6 Bedrooms | $4,404 |
| 7 Bedrooms | $4,756 |
| 8 Bedrooms | $4,994 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,430 | $500,543 | 0.49% | F |
| 3BR | $2,890 | $628,323 | 0.46% | F |
| 4BR | $3,390 | $800,944 | 0.42% | F |
| 5BR | $3,932 | $855,259 | 0.46% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 02767, Raynham, MA, in Bristol County, revolve around the SAFMR (Small Area Fair Market Rent) and local market rent figures. For a two-bedroom apartment, the SAFMR for FY 2024 is set at $2,450. This figure is specifically tailored for this ZIP code, reflecting the unique housing cost dynamics of Raynham.
However, the local market rent, as reported by the Census ACS, stands at $1,749 for a similar unit. This discrepancy between the SAFMR and the actual market rent is significant and impacts how much a landlord can expect to receive from a Section 8 voucher.
A Section 8 voucher covers a portion of the rent based on the SAFMR. The landlord receives the difference between the tenant's contribution and the total rent, up to the SAFMR limit. The tenant typically pays 30% of their adjusted income towards rent, plus any utility allowances. If the tenant's share plus the utility allowance does not cover the full SAFMR amount, the federal government makes up the difference to ensure the landlord receives the SAFMR rate.
To illustrate, let’s assume a tenant with an adjusted income of $1,500 per month. Their contribution would be 30%, which is $450. If the utility allowance is $200, the total contribution from the tenant and the utility allowance would be $650. The remaining amount to reach the SAFMR of $2,450 would be covered by the federal government, meaning the landlord would receive the full $2,450 regardless of the market rent.
In reality, landlords often find themselves in a situation where the voucher reimbursement exceeds the local market rent. In ZIP 02767, given the SAFMR of $2,450 and the local market rent of $1,749, landlords participating in Section 8 could see a surplus when comparing the voucher payment to the typical market rates. This surplus can be substantial, providing landlords with a financial buffer that helps mitigate risks associated with rental vacancy and non-payment.
The typical reimbursement gap or surplus for a two-bedroom apartment in Raynham is a surplus of $701 per month. This surplus is calculated by subtracting the local market rent ($1,749) from the SAFMR ($2,450), indicating that landlords could receive more than they might otherwise charge in the open market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.