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

Location: New Bedford, MA | Metro: Providence-Fall River, RI-MA HUD Metro FMR Area

Investment Score for ZIP 02790

Monthly Rent (2BR)

$1,930

Median Price (2BR)

$564,301

1% Rule

0.34%

Annual Yield

4.1%

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	$1,460
1 Bedroom	$1,550
2 Bedrooms	$1,930
3 Bedrooms	$2,360
4 Bedrooms	$2,690
5 Bedrooms	$3,120
6 Bedrooms	$3,494
7 Bedrooms	$3,774
8 Bedrooms	$3,963

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	$1,550	$521,799	0.3%	F
2BR	$1,930	$564,301	0.34%	F
3BR	$2,360	$671,900	0.35%	F
4BR	$2,690	$877,501	0.31%	F
5BR	$3,120	$1,341,900	0.23%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,901

Median Household Income

$97,250

Housing Units

7,502

Renter Percentage

16.8%

Occupancy Rate

88.5%

Renter Occupied

1,119

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). 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.