FY2027 Small Area FMR · Lakeville, MA
ZIP 02347 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02347 (Lakeville, MA) is $2,660 a month, up 4.3% from FY2026. That is 10% above the Brockton, MA area-wide FMR of $2,409.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 02347 sits in the Brockton, MA area
Of the 30 ZIP codes HUD lists for the area, 02347 has the 9th highest two-bedroom Small Area FMR. Brockton, MA 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 $2,409 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,660 for this ZIP code instead.
ZIP code 02347 crosses more than one HUD area. HUD also lists it under Taunton-Mansfield-Norton, MA (same figures) and New Bedford, MA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,850 | $1,665 – $2,035 | $1,678 | $1,800 |
| 1 bedroom | $2,030 | $1,827 – $2,233 | $1,842 | $1,940 |
| 2 bedrooms | $2,660 | $2,394 – $2,926 | $2,409 | $2,550 |
| 3 bedrooms | $3,330 | $2,997 – $3,663 | $3,015 | $3,190 |
| 4 bedrooms | $3,500 | $3,150 – $3,850 | $3,166 | $3,380 |
A household renting a two-bedroom home at the Small Area FMR of $2,660 needs about $106,400 a year to keep housing costs at 30% of income. The area median family income is $127,800 and the 80% low-income limit for four people is $107,750. ZIP code 02347 lies mainly in Plymouth County. See the Brockton, MA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 02347?
HUD's FY2027 Small Area Fair Market Rents for 02347 are $1,850 (studio), $2,030 (1 BR), $2,660 (2 BR), $3,330 (3 BR) and $3,500 (4 BR) a month.
What is the Section 8 payment standard in 02347?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02347 that range is $2,394 to $2,926 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 02347?
The FY2026 income limits of the Brockton, MA area apply: median family income $127,800, low-income (80%) limit $107,750 for a family of four.