FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.97ratio
FMR$1,640
Market$1,690
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
0.94ratio
FMR$2,100
Market$2,230
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
0.95ratio
FMR$2,750
Market$2,890
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR
0.79ratio
FMR$2,860
Market$3,600
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.79
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 01004 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01004 (Amherst, MA) is $2,100 a month. That is down 1.4% from $2,130 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, 01004 is tied for the 13th-highest two-bedroom rent (county range $1,800–$3,050). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01004 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01004
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,460
−0.7%
$1,314–$1,606
1BR
$1,680
$1,640
−2.4%
$1,476–$1,804
2BR
$2,130
$2,100
−1.4%
$1,890–$2,310
3BR
$2,660
$2,750
+3.4%
$2,475–$3,025
4BR
$2,870
$2,860
−0.3%
$2,574–$3,146
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01004
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,640
$2,100
$2,750
$2,860
FY 2026
$1,470
$1,680
$2,130
$2,660
$2,870
FY 2025
$1,150
$1,330
$1,650
$2,010
$2,250
FY 2024
$1,040
$1,240
$1,530
$1,860
$2,170
FY 2023area FMR
$818
$987
$1,223
$1,497
$1,799
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Hampshire County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01004?
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 $2,100 it would be $1,890 to $2,310. 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 01004 in?
ZIP 01004 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 01004 for FY 2027?
The two-bedroom FMR fell 1.4%, from $2,130 in FY 2026 to $2,100 in FY 2027. Since FY 2024 it has risen 37.3%.
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