MA/Middlesex County/ANDOVER
ANDOVER, MA
CityFMR
Middlesex County
Found 4 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$2,359▲$1,790 – $2,370
1 BR$2,476▲$2,520 – $2,580
2 BR$2,941▲$3,040 – $3,120
3 BR$3,526▲$3,590 – $3,880
4 BR$3,894▲$4,190 – $4,280
5 BR$4,478▲—
6 BR$5,150▲—
7 BR$5,922▲—
8 BR$6,811▲—

Purchase Price Calculator

Maximum purchase price
$401,714

Cost breakdown

+Likely effective rent$3,120
HUD FMR$2,941
Market rent$3,220
Est. payment standard (106%)Used$3,120
Estimated payment standard is $3,120 (106% of FMR).
-Principal and interest-$2,031
Loan amount$321,371
Down payment$80,343
Rate6.50%
Term30 years
-Operating costs-$889
Property taxes-$402
Insurance-$175
Utilities$0
HOA$0
Management-$312
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,602(61.7% ROI)
Projected value
$432,602
Current value$401,714
Return breakdown
Property appreciation+$30,888
Loan principal paid down+$11,514
Rental cash flow+$7,200
5-year hold
+$85,321(106.2% ROI)
Projected value
$454,503
Current value$401,714
Return breakdown
Property appreciation+$52,789
Loan principal paid down+$20,532
Rental cash flow+$12,000
10-year hold
+$185,439(230.8% ROI)
Projected value
$514,228
Current value$401,714
Return breakdown
Property appreciation+$112,514
Loan principal paid down+$48,925
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 1 ZIP
1.00ratio
FMR$2,359
Market$2,370
vs market-$11

FMR is near market; voucher and private rents are aligned.

90% standard$2,123 / 0.90 ratio110% standard$2,595 / 1.09 ratio
1
Studio- 2 ZIPs
1.20ratio range
Median FMR$2,359
Median Market$1,960
vs market+$399

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.08 ratio110% standard$2,595 / 1.32 ratio
2
Studio- 1 ZIP
1.32ratio
FMR$2,359
Market$1,790
vs market+$569

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.19 ratio110% standard$2,595 / 1.45 ratio
1
1.00-1.32
1 BR
1 BR- 4 ZIPs
0.94-0.97ratio range
Median FMR$2,476
Median Market$2,595
vs market-$119

FMR is near market; voucher and private rents are aligned.

90% standard$2,228 / 0.86 ratio110% standard$2,724 / 1.05 ratio
4
0.94-0.97
2 BR
2 BR- 3 ZIPs
0.91ratio range
Median FMR$2,941
Median Market$3,220
vs market-$279

FMR is near market; voucher and private rents are aligned.

90% standard$2,647 / 0.82 ratio110% standard$3,235 / 1.00 ratio
3
2 BR- 1 ZIP
0.95ratio
FMR$2,941
Market$3,100
vs market-$159

FMR is near market; voucher and private rents are aligned.

90% standard$2,647 / 0.85 ratio110% standard$3,235 / 1.04 ratio
0.91-0.95
3 BR
3 BR- 3 ZIPs
0.79-0.81ratio range
Median FMR$3,526
Median Market$4,340
vs market-$814

FMR is below market; voucher rent may lag private rents.

90% standard$3,173 / 0.73 ratio110% standard$3,879 / 0.89 ratio
3
3 BR- 1 ZIP
0.97ratio
FMR$3,526
Market$3,630
vs market-$104

FMR is near market; voucher and private rents are aligned.

90% standard$3,173 / 0.87 ratio110% standard$3,879 / 1.07 ratio
0.79-0.97
4 BR
4 BR- 3 ZIPs
0.83-0.84ratio range
Median FMR$3,894
Median Market$4,700
vs market-$806

FMR is below market; voucher rent may lag private rents.

90% standard$3,505 / 0.75 ratio110% standard$4,283 / 0.91 ratio
3
4 BR- 1 ZIP
0.90ratio
FMR$3,894
Market$4,350
vs market-$456

FMR is below market; voucher rent may lag private rents.

90% standard$3,505 / 0.81 ratio110% standard$4,283 / 0.98 ratio
0.83-0.90
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for ANDOVER, MA (MA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
01810018120189905501

ANDOVER, MA fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for ANDOVER, MA shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,941 and the 4 bedroom fair market rent is $3,894.

Use this page for searches like ANDOVER, MA FMR, ANDOVER, MA fair market rent, and ANDOVER, MA Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for ANDOVER, MA
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894
Middlesex County fair market rent01810 FMR01812 FMR01899 FMR05501 FMR