Section 8 Fair Market Rent (FMR) for ZIP 02790 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 02790

• 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)

Westport, Massachusetts, represented by ZIP code 02790, is a desirable suburban community known for its blend of rural charm and proximity to urban amenities. This area presents a balanced market for both homeowners and renters, offering opportunities for real estate investment.

• The Fair Market Rent (FMR) for a two-bedroom apartment in Westport for fiscal year 2024 is set at $1,790. This figure provides a benchmark for rental pricing that reflects the local housing market conditions.
• The average market rent for properties in Westport, according to the Census Bureau's American Community Survey (ACS), stands at $1,436. This indicates a slightly lower rent compared to the FMR, suggesting that there is room for modest increases in rental rates.
• The median home value in Westport is $659,436, which is indicative of a stable and potentially growing real estate market. Investors can expect solid returns on property investments over time.
• Renters make up 16.8% of the population in Westport. This relatively low percentage suggests a strong preference for homeownership, but also points to a steady demand for rental properties among those who choose not to buy.
• The median household income in Westport is $97,250. This economic indicator supports the ability of residents to afford higher rents or mortgage payments, making it a financially viable area for real estate investment.
• The Days on Market (DOM) statistic for Westport is not available, which could imply either a very active market where homes sell quickly, or a less active market where sales data is insufficient to calculate DOM accurately.

Investors considering the Westport market should note the discrepancy between the FMR and the actual market rent, indicating potential for slight rental price adjustments. The median home value suggests stability and growth, while the median income supports the financial health of the local economy. With a modest renter share, there remains a niche for rental properties, particularly those that cater to the needs of non-homeowners. Overall, Westport offers a promising real estate investment environment, especially for those interested in long-term capital appreciation and rental income.

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.