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Housing market/Massachusetts/ZIP 02062

ACS 2023 · FY2027 SAFMR

ZIP 02062 Norwood, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,380
Households
13,299
Median HH income
$97,110
Renter share
48.2%
Median gross rent
$2,056
Vacancy
4.7%
Pop. change
+7.5%
2BR SAFMR
$2,980
SAFMR / rent
1.449×
2–49 unit stock
6,194
LIHTC proj / units
—
HUD assisted MF
3 / 93

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02062 · MA — sent to you.

ZIP 02062 · MA

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ACS rent vs 2BR SAFMR

ZIP 02062 — Norwood, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,056
2BR SAFMR$2,980
90% floor$2,682
110% ceiling$3,278

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02062

  • 1-unit detached6,21644.5%
  • 1-unit attached9166.6%
  • 2–4 units2,86320.5%
  • 5–49 units3,33123.9%
  • 50+ units6274.5%
  • Mobile80.1%
TypeUnitsShare
1-unit detached6,21644.5%
1-unit attached9166.6%
2 units (duplex)1,2949.3%
3–4 units1,56911.2%
5–9 units8255.9%
10–19 units1,53111.0%
20–49 units9757.0%
50+ units6274.5%
Mobile80.1%

2–4 unit share 20.5% · 5–49 unit share 23.9% · combined 2–49 44.4%.

Units by bedrooms

Studio
191
1BR
2,354
2BR
4,856
3BR
4,502
4BR
1,584
5+
474

Rent burden

Rent ≥30% of income49.9%
Rent ≥50% of income25.7%
  • ACS median gross rent $2,056 (all bedrooms, occupied rentals).
  • Median contract rent $1,965.
  • Renters paying ≥30% of income 49.9%; ≥50% 25.7%.
  • FY2027 2BR SAFMR $2,980 (1.449× ACS median gross rent).

Population

31,380 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +7.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 3 properties, 93 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 767 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02062 48.2% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $2,056; population increased +7.5% between the 2018 and 2023 ACS vintages; the housing stock includes 2,863 units in 2–4-unit structures and 3,331 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,980 versus ACS median gross rent of $2,056. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02062 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02062 — Norwood, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02062?

ZIP 02062 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 31,380 residents, 13,299 households, a renter share of 48.2%, median household income of $97,110, and ACS 2023 median gross rent of $2,056. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02062?

ACS counts 1,294 units in 2-unit buildings, 1,569 in 3–4 unit buildings, 825 in 5–9, 1,531 in 10–19, and 975 in 20–49. Combined 2–49 unit stock is 6,194 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02062?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,980. See the full schedule and 90–110% payment-standard band on the ZIP 02062 — Norwood, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02062 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.