MA/Essex County/SALEM
SALEM, MA
CityFMR
Essex County
Found 2 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$2,359▲$1,810 – $2,370
1 BR$2,476▲$2,520 – $2,570
2 BR$2,941▲$3,040 – $3,060
3 BR$3,526▲$3,590 – $3,610
4 BR$3,894▲$3,640 – $4,190
5 BR$4,478▲—
6 BR$5,150▲—
7 BR$5,922▲—
8 BR$6,811▲—

Purchase Price Calculator

Maximum purchase price
$391,312

Cost breakdown

+Likely effective rent$3,050
HUD FMR$2,941
Market rent$3,110
Est. payment standard (104%)Used$3,050
Estimated payment standard is $3,050 (104% of FMR).
-Principal and interest-$1,979
Loan amount$313,050
Down payment$78,262
Rate6.50%
Term30 years
-Operating costs-$871
Property taxes-$391
Insurance-$175
Utilities$0
HOA$0
Management-$305
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,504(62.0% ROI)
Projected value
$421,401
Current value$391,312
Return breakdown
Property appreciation+$30,088
Loan principal paid down+$11,216
Rental cash flow+$7,200
5-year hold
+$83,422(106.6% ROI)
Projected value
$442,734
Current value$391,312
Return breakdown
Property appreciation+$51,422
Loan principal paid down+$20,001
Rental cash flow+$12,000
10-year hold
+$181,259(231.6% ROI)
Projected value
$500,913
Current value$391,312
Return breakdown
Property appreciation+$109,601
Loan principal paid down+$47,658
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- 1 ZIP
1.30ratio
FMR$2,359
Market$1,810
vs market+$549

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.17 ratio110% standard$2,595 / 1.43 ratio
1
1.00-1.30
1 BR
1 BR- 2 ZIPs
0.95-0.97ratio range
Median FMR$2,476
Median Market$2,585
vs market-$109

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

90% standard$2,228 / 0.86 ratio110% standard$2,724 / 1.05 ratio
2
0.95-0.97
2 BR
2 BR- 2 ZIPs
0.94-0.95ratio range
Median FMR$2,941
Median Market$3,110
vs market-$169

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

90% standard$2,647 / 0.85 ratio110% standard$3,235 / 1.04 ratio
2
0.94-0.95
3 BR
3 BR- 2 ZIPs
0.96-0.97ratio range
Median FMR$3,526
Median Market$3,645
vs market-$119

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

90% standard$3,173 / 0.87 ratio110% standard$3,879 / 1.06 ratio
2
0.96-0.97
4 BR
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
1
4 BR- 1 ZIP
1.07ratio
FMR$3,894
Market$3,640
vs market+$254

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

90% standard$3,505 / 0.96 ratio110% standard$4,283 / 1.18 ratio
1
0.90-1.07
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 SALEM, 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
0197001971

SALEM, MA fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for SALEM, 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 SALEM, MA FMR, SALEM, MA fair market rent, and SALEM, 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 SALEM, MA
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894
Essex County fair market rent01970 FMR01971 FMR