PEABODY, MA
CityFMR
Essex County
Found 2 ZIPs
BRFMR
Eff. Rent
0 BR$2,359$2,359
1 BR$2,476$2,476
2 BR$2,941$2,941
3 BR$3,526$3,526
4 BR$3,894$3,894
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 2 ZIPs
1.00ratio range
Median FMR$2,359
Median Market$2,365
vs market-$6

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
1.00–1.00
1 BR
1 BR· 1 ZIP
0.85ratio
FMR$2,476
Market$2,900
vs market-$424

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
0.97ratio
FMR$2,476
Market$2,550
vs market-$74

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.85–0.97
2 BR
2 BR· 2 ZIPs
0.95ratio range
Median FMR$2,941
Median Market$3,095
vs market-$154

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
0.95–0.95
3 BR
3 BR· 1 ZIP
0.92ratio
FMR$3,526
Market$3,850
vs market-$324

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
3 BR· 1 ZIP
0.97ratio
FMR$3,526
Market$3,630
vs market-$104

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.92–0.97
4 BR
4 BR· 1 ZIP
0.90ratio
FMR$3,894
Market$4,350
vs market-$456

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.98ratio
FMR$3,894
Market$3,980
vs market-$86

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.90–0.98
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by average FMR (vs county median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for PEABODY, 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.

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