FY2027 Small Area FMR · Randolph, MA

ZIP 02368 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02368 (Randolph, MA) is $2,930 a month, up 1.7% from FY2026. That is 3% below the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$2,930per month ▲ 1.7%

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

Rank in the area118thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,637

2 BR Small Area FMR$2,930

110% of SAFMR$3,223

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

Studio$2,380▲ 3.0%

1 BR$2,450▲ 0.8%

2 BR$2,930▲ 1.7%

3 BR$3,490▲ 1.2%

4 BR$3,850▲ 1.0%

FY2027 FY2026

Where 02368 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02368 has the 118th 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 $2,930 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	$2,380	$2,142 – $2,618	$2,440	$2,310
1 bedroom	$2,450	$2,205 – $2,695	$2,518	$2,430
2 bedrooms	$2,930	$2,637 – $3,223	$3,008	$2,880
3 bedrooms	$3,490	$3,141 – $3,839	$3,584	$3,450
4 bedrooms	$3,850	$3,465 – $4,235	$3,953	$3,810

A household renting a two-bedroom home at the Small Area FMR of $2,930 needs about $117,200 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 02368 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
02322	Avon	3.0 mi	$2,650
02184	Braintree	3.3 mi	$2,860
02343	Holbrook	3.7 mi	$2,650
02021	Canton	3.8 mi	$3,200
02072	Stoughton	4.7 mi	$2,830
02186	Milton	4.8 mi	$2,650

Questions

What is the Fair Market Rent for ZIP code 02368?

HUD's FY2027 Small Area Fair Market Rents for 02368 are $2,380 (studio), $2,450 (1 BR), $2,930 (2 BR), $3,490 (3 BR) and $3,850 (4 BR) a month.

What is the Section 8 payment standard in 02368?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02368 that range is $2,637 to $3,223 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02368?

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.