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Milford, MA

CitySAFMR
Worcester County
Found 1 ZIP

City Median Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,700
1 BR$1,980$1,900
2 BR$2,590$2,570
3 BR$3,550$2,700
4 BR$3,870$3,130
5 BR$4,451Not available
6 BR$5,118Not available
7 BR$5,886Not available
8 BR$6,769Not available

Purchase Price Calculator

Maximum purchase price
$319,984

Cost breakdown

+Likely effective rent$2,570
HUD FMR$2,590
Market rentUsed$2,570
Est. payment standard (99%)$2,580
-Principal and interest-$1,618
Loan amount$255,988
Down payment$63,997
Rate6.50%
Term30 years
-Operating costs-$752
Property taxes-$320
Insurance-$175
Utilities$0
HOA$0
Management-$257
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,975(64.0% ROI)
Projected value
$344,588
Return breakdown
Property appreciation+$24,604
Loan principal paid down+$9,171
Rental cash flow+$7,200
5-year hold
+$70,404(110.0% ROI)
Projected value
$362,033
Return breakdown
Property appreciation+$42,049
Loan principal paid down+$16,355
Rental cash flow+$12,000
10-year hold
+$152,594(238.4% ROI)
Projected value
$409,607
Return breakdown
Property appreciation+$89,623
Loan principal paid down+$38,971
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
1.04
2 BR
1.01
3 BR
1.31
4 BR
1.24
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Milford, MA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Milford, MA is $2,590 a month. That is up 14.1% from $2,270 in FY 2026. Milford is in the Fitchburg-Leominster, MA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,900. The median county two-bedroom FMR in Massachusetts is $2,222, so Milford is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Milford, MA
BedroomsFY 2027Change90–110% range
Studio$1,800+14.6%$1,620–$1,980
1BR$1,980+14.5%$1,782–$2,178
2BR$2,590+14.1%$2,331–$2,849
3BR$3,550+12.3%$3,195–$3,905
4BR$3,870+9.3%$3,483–$4,257

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Milford, MA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,980$2,590$3,550$3,870
FY 2026$1,570$1,730$2,270$3,160$3,540
FY 2025$1,470$1,640$2,150$3,010$3,450
FY 2024$1,340$1,510$1,980$2,790$3,080
FY 2023$1,160$1,320$1,740$2,360$2,810

Questions about Milford, MA rents

How much will Section 8 pay for a two-bedroom in Milford, MA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,900, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,710 to $2,090 a month; under the ZIP-level Small Area FMR of $2,590 it would be $2,331 to $2,849. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Milford, MA in?

Milford, MA is in the Fitchburg-Leominster, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,900.

How much did fair market rent change in Milford, MA for FY 2027?

The two-bedroom FMR rose 14.1%, from $2,270 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 48.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set