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Norfolk County/Randolph/02368

02368

ZIPSAFMR
Norfolk County, MA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$2,380$1,870
1 BR$2,450$2,140
2 BR$2,930$2,960
3 BR$3,490$3,420
4 BR$3,850$3,780
5 BR$4,428Not available
6 BR$5,092Not available
7 BR$5,855Not available
8 BR$6,734Not available

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,930
Market rent$2,970
Est. payment standard (101%)Used$2,960
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.14
2 BR
0.99
3 BR
1.02
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02368 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02368 (Randolph, MA) is $2,930 a month. That is up 1.7% from $2,880 in FY 2026. Randolph 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, 02368 has the 27th-highest two-bedroom rent (county range $2,650–$4,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02368 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02368
BedroomsFY 2027Change90–110% range
Studio$2,380+3.0%$2,142–$2,618
1BR$2,450+0.8%$2,205–$2,695
2BR$2,930+1.7%$2,637–$3,223
3BR$3,490+1.2%$3,141–$3,839
4BR$3,850+1.0%$3,465–$4,235

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02368
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,380$2,450$2,930$3,490$3,850
FY 2026$2,310$2,430$2,880$3,450$3,810
FY 2025$2,200$2,330$2,760$3,330$3,660
FY 2024$2,120$2,280$2,710$3,280$3,610
FY 2023$1,910$2,070$2,480$3,020$3,330

Two-bedroom rent in nearby Norfolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02368
02269$2,960+1.0%
02302$2,650−9.6%
02322$2,650−9.6%
02343$2,650−9.6%
02356$2,650−9.6%
02368Current$2,930—
02445$3,860+31.7%
02446$4,420+50.9%
02447$2,960+1.0%
02467$4,190+43.0%
02481$4,160+42.0%
02482$4,010+36.9%

Questions about ZIP 02368 rents

How much will Section 8 pay for a two-bedroom in ZIP 02368?

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 $2,930 it would be $2,637 to $3,223. 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 02368 in?

ZIP 02368 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 02368 for FY 2027?

The two-bedroom FMR rose 1.7%, from $2,880 in FY 2026 to $2,930 in FY 2027. Since FY 2023 it has risen 18.1%.

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