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Hampden County/Chicopee/01013

01013

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,240
1 BR$1,300$1,430
2 BR$1,650$1,740
3 BR$2,050$2,040
4 BR$2,170$2,290
5 BR$2,496Not available
6 BR$2,870Not available
7 BR$3,300Not available
8 BR$3,795Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,650
Market rent$1,790
Est. payment standard (106%)Used$1,740
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
0.85
2 BR
0.92
3 BR
1.00
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01013 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01013 (Chicopee, MA) is $1,650 a month. That is up 3.1% from $1,600 in FY 2026. Chicopee is in the Springfield, 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 $1,800. Among 56 ZIP codes in Hampden County, 01013 has the 48th-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01013 is 26% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01013
BedroomsFY 2027Change90–110% range
Studio$1,160+3.6%$1,044–$1,276
1BR$1,300+1.6%$1,170–$1,430
2BR$1,650+3.1%$1,485–$1,815
3BR$2,050+4.6%$1,845–$2,255
4BR$2,170+2.4%$1,953–$2,387

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01013
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,300$1,650$2,050$2,170
FY 2026$1,120$1,280$1,600$1,960$2,120
FY 2025$970$1,120$1,390$1,690$1,890
FY 2024$880$1,050$1,290$1,570$1,830
FY 2023$760$920$1,140$1,400$1,680

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01013
01001$1,930+17.0%
01008$1,570−4.8%
01009$1,870+13.3%
01010$1,570−4.8%
01011$1,810+9.7%
01013Current$1,650—
01014$1,790+8.5%
01020$1,800+9.1%
01021$1,790+8.5%
01022$2,580+56.4%
01028$2,050+24.2%
01030$1,750+6.1%

Questions about ZIP 01013 rents

How much will Section 8 pay for a two-bedroom in ZIP 01013?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,800, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,620 to $1,980 a month; under the ZIP-level Small Area FMR of $1,650 it would be $1,485 to $1,815. 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 01013 in?

ZIP 01013 is in the Springfield, MA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,800.

How much did fair market rent change in ZIP 01013 for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,600 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 44.7%.

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