FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.97ratio
FMR$1,870
Market$1,920
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
0.83ratio
FMR$2,440
Market$2,930
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR
0.86ratio
FMR$3,050
Market$3,530
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
0.86ratio
FMR$3,210
Market$3,740
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.86
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 02337 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02337 (Elmwood, MA) is $2,440 a month. That is up 4.7% from $2,330 in FY 2026. Elmwood 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 59 ZIP codes in Plymouth County, 02337 is tied for the 48th-highest two-bedroom rent (county range $2,080–$3,160). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02337 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02337
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,640
$1,700
+3.7%
$1,530–$1,870
1BR
$1,780
$1,870
+5.1%
$1,683–$2,057
2BR
$2,330
$2,440
+4.7%
$2,196–$2,684
3BR
$2,910
$3,050
+4.8%
$2,745–$3,355
4BR
$3,080
$3,210
+4.2%
$2,889–$3,531
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02337
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,700
$1,870
$2,440
$3,050
$3,210
FY 2026
$1,640
$1,780
$2,330
$2,910
$3,080
FY 2025
$1,630
$1,670
$2,180
$2,760
$2,990
FY 2024
$1,420
$1,510
$1,990
$2,520
$2,830
FY 2023
$1,290
$1,470
$1,930
$2,460
$2,810
Two-bedroom rent in nearby Plymouth County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02337?
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 $2,440 it would be $2,196 to $2,684. 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 02337 in?
ZIP 02337 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 02337 for FY 2027?
The two-bedroom FMR rose 4.7%, from $2,330 in FY 2026 to $2,440 in FY 2027. Since FY 2023 it has risen 26.4%.
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