Section 8 Fair Market Rent (FMR) for ZIP 02777 - 2027

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

Investment Score for ZIP 02777

Monthly Rent (2BR)

$1,890

Median Price (2BR)

$426,015

1% Rule

0.44%

Annual Yield

5.32%

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	$1,430
1 Bedroom	$1,520
2 Bedrooms	$1,890
3 Bedrooms	$2,320
4 Bedrooms	$2,630
5 Bedrooms	$3,051
6 Bedrooms	$3,417
7 Bedrooms	$3,690
8 Bedrooms	$3,875

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	$1,520	$333,836	0.46%	F
2BR	$1,890	$426,015	0.44%	F
3BR	$2,320	$539,700	0.43%	F
4BR	$2,630	$615,756	0.43%	F
5BR	$3,051	$663,053	0.46%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

17,359

Median Household Income

$116,364

Housing Units

6,865

Renter Percentage

14.8%

Occupancy Rate

98.9%

Renter Occupied

1,004

To determine if you should invest in ZIP 02777 (Swansea, MA) for Section 8 properties, follow this decision tree based on the provided data.

1) Does FMR $1700 (zip FY 2024) clear debt service on a $511,984 property?

No: The Fair Market Rent (FMR) for ZIP 02777 in fiscal year 2024 is set at $1700 per month. To assess whether this clears the debt service, consider the typical mortgage payment on a property valued at $511,984. Assuming a 30-year fixed-rate mortgage at an interest rate of 4%, the monthly principal and interest would be approximately $2,483. This exceeds the FMR, indicating that solely relying on Section 8 tenants would not cover your mortgage payments. Additional income sources or lower financing costs would be required.

2) Is market rent $1,226 (Census ACS) above, at, or below FMR?

Below: The average market rent in ZIP 02777, according to Census ACS data, is $1,226 per month. This is below the FMR of $1700. While this suggests that Section 8 rents might be higher than the market rate, it also indicates that non-Section 8 tenants might find the rent too high, potentially affecting occupancy rates.

3) Are 14.8% renters + N/A-day days on market (DOM) enough demand?

It Depends: With 14.8% of households being renters, there is some rental demand in ZIP 02777. However, the lack of data on days on market (DOM) makes it difficult to gauge how quickly rental properties are occupied. High DOM values could indicate a slower rental market, which might not be ideal for Section 8 properties where turnover can be slower due to the nature of the program. Consider local real estate trends and consult with local realtors to understand the rental market dynamics better.

In conclusion, ZIP 02777's FMR does not clear the debt service on a $511,984 property, and the market rent is below the FMR. Rental demand exists but is moderate, and without DOM data, it's challenging to predict occupancy speed. If you still wish to invest, ensure you have a solid understanding of the local rental market and possibly look for ways to reduce financing costs or supplement income.

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.