Section 8 Fair Market Rent (FMR) for ZIP 02769 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 02769

• 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)

Rehoboth, MA, represented by ZIP code 02769, is a suburban community known for its quiet neighborhoods and proximity to urban amenities. The area offers a mix of single-family homes and rental properties, catering to both homeowners and renters. Here's a concise analysis based on recent data:

• The Fair Market Rent (FMR) for ZIP 02769 is set at $1,790 per month for fiscal year 2024, indicating the maximum amount that low-income families should pay for housing.
• The average market rent for the area stands at $1,195 per month, according to the latest Census American Community Survey (ACS) data, reflecting the typical rent prices landlords can expect.
• The median home value in Rehoboth, MA, is $660,400, suggesting a relatively high-end residential market where property investments can yield substantial returns.
• Renters make up only 7.1% of the population, highlighting a strong preference for homeownership over renting among residents.
• The median household income in the area is $138,214, which is significantly higher than the national average, pointing to a financially stable demographic.

In summary, while the Fair Market Rent suggests a high barrier for low-income families, the actual market rents are lower, indicating a potential gap for affordable rental units. The high median home value and median income levels suggest a robust market for investment properties, particularly those that cater to owner-occupiers. However, the low renter share implies that the demand for rental properties is limited, making it essential for landlords and small-portfolio investors to focus on quality and location to attract tenants.

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.