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Hampshire County/Amherst/01002

01002

ZIPSAFMR
Hampshire County, MA
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,670
1 BR$1,920$1,700
2 BR$2,450$2,120
3 BR$3,210$2,860
4 BR$3,330$3,460
5 BR$3,829Not available
6 BR$4,404Not available
7 BR$5,065Not available
8 BR$5,824Not available

Purchase Price Calculator

Maximum purchase price
$253,115

Cost breakdown

+Likely effective rent$2,120
HUD FMR$2,450
Market rentUsed$2,120
Est. payment standard (91%)$2,240
-Principal and interest-$1,280
Loan amount$202,492
Down payment$50,623
Rate6.50%
Term30 years
-Operating costs-$640
Property taxes-$253
Insurance-$175
Utilities$0
HOA$0
Management-$212
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,917(67.0% ROI)
Projected value
$272,577
Return breakdown
Property appreciation+$19,462
Loan principal paid down+$7,255
Rental cash flow+$7,200
5-year hold
+$58,199(115.0% ROI)
Projected value
$286,376
Return breakdown
Property appreciation+$33,261
Loan principal paid down+$12,937
Rental cash flow+$12,000
10-year hold
+$125,721(248.3% ROI)
Projected value
$324,008
Return breakdown
Property appreciation+$70,893
Loan principal paid down+$30,827
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.13
2 BR
1.16
3 BR
1.12
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01002 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01002 (Amherst, MA) is $2,450 a month. That is down 1.2% from $2,480 in FY 2026. Amherst is in the Amherst Town-Northampton, MA MSA. 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 $2,034. Among 37 ZIP codes in Hampshire County, 01002 is tied for the 4th-highest two-bedroom rent (county range $1,800–$3,050). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01002 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01002
BedroomsFY 2027Change90–110% range
Studio$1,7100.0%$1,539–$1,881
1BR$1,920−1.5%$1,728–$2,112
2BR$2,450−1.2%$2,205–$2,695
3BR$3,210+3.5%$2,889–$3,531
4BR$3,330−0.3%$2,997–$3,663

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01002
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,920$2,450$3,210$3,330
FY 2026$1,710$1,950$2,480$3,100$3,340
FY 2025$1,330$1,540$1,910$2,330$2,600
FY 2024$1,220$1,460$1,800$2,180$2,560
FY 2023$1,090$1,320$1,630$2,000$2,400

Two-bedroom rent in nearby Hampshire County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01002
01002Current$2,450—
01003$3,050+24.5%
01004$2,100−14.3%
01007$2,090−14.7%
01011$1,810−26.1%
01012$1,810−26.1%
01026$1,810−26.1%
01027$1,950−20.4%
01031$1,810−26.1%
01032$2,210−9.8%
01033$2,060−15.9%
01035$2,4500.0%

Questions about ZIP 01002 rents

How much will Section 8 pay for a two-bedroom in ZIP 01002?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,034, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,831 to $2,237 a month; under the ZIP-level Small Area FMR of $2,450 it would be $2,205 to $2,695. 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 ZIP 01002 in?

ZIP 01002 is in the Amherst Town-Northampton, MA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,034.

How much did fair market rent change in ZIP 01002 for FY 2027?

The two-bedroom FMR fell 1.2%, from $2,480 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 50.3%.

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

County fair market rentAmherst, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources