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Norfolk County/Brockton/02302

02302

ZIPSAFMR
Norfolk County, MA
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$2,130$1,620
1 BR$2,230$2,040
2 BR$2,650$2,680
3 BR$3,180$3,190
4 BR$3,510$3,410
5 BR$4,036Not available
6 BR$4,642Not available
7 BR$5,338Not available
8 BR$6,139Not available

Purchase Price Calculator

Maximum purchase price
$336,330

Cost breakdown

+Likely effective rent$2,680
HUD FMR$2,650
Market rent$2,700
Est. payment standard (101%)Used$2,680
-Principal and interest-$1,701
Loan amount$269,064
Down payment$67,266
Rate6.50%
Term30 years
-Operating costs-$779
Property taxes-$336
Insurance-$175
Utilities$0
HOA$0
Management-$268
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,701(63.5% ROI)
Projected value
$362,191
Return breakdown
Property appreciation+$25,861
Loan principal paid down+$9,640
Rental cash flow+$7,200
5-year hold
+$73,387(109.1% ROI)
Projected value
$380,527
Return breakdown
Property appreciation+$44,197
Loan principal paid down+$17,191
Rental cash flow+$12,000
10-year hold
+$159,163(236.6% ROI)
Projected value
$430,531
Return breakdown
Property appreciation+$94,201
Loan principal paid down+$40,962
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.09
2 BR
0.98
3 BR
1.00
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02302 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02302 (Brockton, MA) is $2,650 a month. That is up 3.5% from $2,560 in FY 2026. Brockton 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, 02302 is tied for the 38th-highest two-bedroom rent (county range $2,650–$4,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02302 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02302
BedroomsFY 2027Change90–110% range
Studio$2,130+4.4%$1,917–$2,343
1BR$2,230+3.2%$2,007–$2,453
2BR$2,650+3.5%$2,385–$2,915
3BR$3,180+3.2%$2,862–$3,498
4BR$3,510+3.5%$3,159–$3,861

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02302
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,130$2,230$2,650$3,180$3,510
FY 2026$2,040$2,160$2,560$3,080$3,390
FY 2025$2,000$2,140$2,550$3,080$3,390
FY 2024$1,830$1,980$2,380$2,890$3,190
FY 2023$1,630$1,790$2,160$2,670$2,930

Two-bedroom rent in nearby Norfolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02302
02186$2,6500.0%
02188$2,750+3.8%
02189$2,6500.0%
02190$2,680+1.1%
02191$2,6500.0%
02215$4,050+52.8%
02269$2,960+11.7%
02302Current$2,650—
02322$2,6500.0%
02343$2,6500.0%
02356$2,6500.0%
02368$2,930+10.6%

Questions about ZIP 02302 rents

How much will Section 8 pay for a two-bedroom in ZIP 02302?

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 $2,650 it would be $2,385 to $2,915. 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 02302 in?

ZIP 02302 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 02302 for FY 2027?

The two-bedroom FMR rose 3.5%, from $2,560 in FY 2026 to $2,650 in FY 2027. Since FY 2023 it has risen 22.7%.

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