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Norfolk County/Norwood/02062

02062

ZIPSAFMR
Norfolk County, MA
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,420$1,970
1 BR$2,490$2,230
2 BR$2,980$2,710
3 BR$3,550$3,320
4 BR$3,920$3,990
5 BR$4,508Not available
6 BR$5,184Not available
7 BR$5,962Not available
8 BR$6,856Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,980
Market rentUsed$2,710
Est. payment standard (94%)$2,800
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.23
1 BR
1.12
2 BR
1.10
3 BR
1.07
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02062 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02062 (Norwood, MA) is $2,980 a month. That is up 5.7% from $2,820 in FY 2026. Norwood is in the Brockton, MA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,409. Among 60 ZIP codes in Norfolk County, 02062 has the 20th-highest two-bedroom rent (county range $2,650–$4,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02062 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02062
BedroomsFY 2027Change90–110% range
Studio$2,420+7.1%$2,178–$2,662
1BR$2,490+5.1%$2,241–$2,739
2BR$2,980+5.7%$2,682–$3,278
3BR$3,550+5.0%$3,195–$3,905
4BR$3,920+5.1%$3,528–$4,312

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02062
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,420$2,490$2,980$3,550$3,920
FY 2026$2,260$2,370$2,820$3,380$3,730
FY 2025$2,160$2,290$2,710$3,260$3,590
FY 2024$2,140$2,300$2,730$3,300$3,640
FY 2023$2,080$2,260$2,710$3,300$3,640

Two-bedroom rent in nearby Norfolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02062
02043$2,770−7.0%
02048$2,650−11.1%
02052$2,650−11.1%
02053$2,650−11.1%
02054$2,650−11.1%
02056$2,650−11.1%
02062Current$2,980—
02066$2,650−11.1%
02067$3,430+15.1%
02070$2,960−0.7%
02071$2,730−8.4%
02072$2,830−5.0%

Questions about ZIP 02062 rents

How much will Section 8 pay for a two-bedroom in ZIP 02062?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,409, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,168 to $2,650 a month; under the ZIP-level Small Area FMR of $2,980 it would be $2,682 to $3,278. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 02062 in?

ZIP 02062 is in the Brockton, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,409.

How much did fair market rent change in ZIP 02062 for FY 2027?

The two-bedroom FMR rose 5.7%, from $2,820 in FY 2026 to $2,980 in FY 2027. Since FY 2023 it has risen 10.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNorwood, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources