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Housing market/Massachusetts/ZIP 02462

ACS 2023 · FY2027 SAFMR

ZIP 02462 Newton Lower Falls, 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
1,459
Households
526
Median HH income
$210,682
Renter share
23.8%
Median gross rent
—
Vacancy
0.0%
Pop. change
+2.8%
2BR SAFMR
$3,640
SAFMR / rent
—
2–49 unit stock
116
LIHTC proj / units
—
HUD assisted MF
2 / 83

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02462 · MA — sent to you.

ZIP 02462 · MA

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ACS rent vs 2BR SAFMR

ZIP 02462 — Newton Lower Falls, MA HUD Section 8 Payment Standards / SAFMR →
2BR SAFMR$3,640
90% floor$3,276
110% ceiling$4,004

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02462

  • 1-unit detached41077.9%
  • 2–4 units458.6%
  • 5–49 units7113.5%
TypeUnitsShare
1-unit detached41077.9%
1-unit attached00.0%
2 units (duplex)346.5%
3–4 units112.1%
5–9 units183.4%
10–19 units71.3%
20–49 units468.7%
50+ units00.0%
Mobile00.0%

2–4 unit share 8.6% · 5–49 unit share 13.5% · combined 2–49 22.1%.

Units by bedrooms

Studio
30
1BR
51
2BR
93
3BR
168
4BR
101
5+
83

Rent burden

Rent ≥30% of income64.0%
Rent ≥50% of income36.0%
  • Renters paying ≥30% of income 64.0%; ≥50% 36.0%.

Population

1,459 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.8%.

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: 2 properties, 83 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,372 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 02462 23.8% of occupied households are renters; vacancy is 0.0%; population increased +2.8% between the 2018 and 2023 ACS vintages; the housing stock includes 45 units in 2–4-unit structures and 71 units in 5–49-unit structures. 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 02462 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 02462 — Newton Lower Falls, 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 02462?

ZIP 02462 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 1,459 residents, 526 households, a renter share of 23.8%, median household income of $210,682, and ACS 2023 median gross rent of —. Vacancy is 0.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02462?

ACS counts 34 units in 2-unit buildings, 11 in 3–4 unit buildings, 18 in 5–9, 7 in 10–19, and 46 in 20–49. Combined 2–49 unit stock is 116 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02462?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,640. See the full schedule and 90–110% payment-standard band on the ZIP 02462 — Newton Lower Falls, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02462 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.