FY2027 Small Area FMR · Norwood, MA

ZIP 02062 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02062 (Norwood, MA) is $2,980 a month, up 5.7% from FY2026. That is 1% below the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$2,980per month ▲ 5.7%

Area-wide 2 BR FMR$3,008Boston-Cambridge-Quincy, MA-

Rank in the area108thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,682

2 BR Small Area FMR$2,980

110% of SAFMR$3,278

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,420▲ 7.1%

1 BR$2,490▲ 5.1%

2 BR$2,980▲ 5.7%

3 BR$3,550▲ 5.0%

4 BR$3,920▲ 5.1%

FY2027 FY2026

Where 02062 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02062 has the 108th highest two-bedroom Small Area FMR. Boston-Cambridge-Quincy, MA-NH is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $3,008 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,980 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,420	$2,178 – $2,662	$2,440	$2,260
1 bedroom	$2,490	$2,241 – $2,739	$2,518	$2,370
2 bedrooms	$2,980	$2,682 – $3,278	$3,008	$2,820
3 bedrooms	$3,550	$3,195 – $3,905	$3,584	$3,380
4 bedrooms	$3,920	$3,528 – $4,312	$3,953	$3,730

A household renting a two-bedroom home at the Small Area FMR of $2,980 needs about $119,200 a year to keep housing costs at 30% of income. The area median family income is $164,600 and the 80% low-income limit for four people is $137,100. ZIP code 02062 lies mainly in Norfolk County. See the Boston-Cambridge-Quincy, MA-NH metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02032	East Walpole	2.3 mi	$3,130
02090	Westwood	2.5 mi	$3,370
02021	Canton	3.7 mi	$3,200
02026	Dedham	4.2 mi	$2,900
02081	Walpole	4.7 mi	$2,810
02067	Sharon	5.6 mi	$3,430

Questions

What is the Fair Market Rent for ZIP code 02062?

HUD's FY2027 Small Area Fair Market Rents for 02062 are $2,420 (studio), $2,490 (1 BR), $2,980 (2 BR), $3,550 (3 BR) and $3,920 (4 BR) a month.

What is the Section 8 payment standard in 02062?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02062 that range is $2,682 to $3,278 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02062?

The FY2026 income limits of the Boston-Cambridge-Quincy, MA-NH area apply: median family income $164,600, low-income (80%) limit $137,100 for a family of four.