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Hampden County/Granville/01034

01034

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,900$1,900
1 BR$2,130$2,130
2 BR$2,700$2,700
3 BR$3,360$3,360
4 BR$3,550$3,550
5 BR$4,082Not available
6 BR$4,695Not available
7 BR$5,399Not available
8 BR$6,209Not available

Purchase Price Calculator

Maximum purchase price
$339,302

Cost breakdown

+Likely effective rent$2,700
HUD FMRUsed$2,700
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,716
Loan amount$271,442
Down payment$67,860
Rate6.50%
Term30 years
-Operating costs-$784
Property taxes-$339
Insurance-$175
Utilities$0
HOA$0
Management-$270
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,014(63.4% ROI)
Projected value
$365,392
Return breakdown
Property appreciation+$26,089
Loan principal paid down+$9,725
Rental cash flow+$7,200
5-year hold
+$73,930(108.9% ROI)
Projected value
$383,890
Return breakdown
Property appreciation+$44,587
Loan principal paid down+$17,342
Rental cash flow+$12,000
10-year hold
+$160,357(236.3% ROI)
Projected value
$434,336
Return breakdown
Property appreciation+$95,033
Loan principal paid down+$41,324
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 01034 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01034 (Granville, MA) is $2,700 a month. That is up 3.8% from $2,600 in FY 2026. Granville 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, 01034 is tied for the highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01034 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01034
BedroomsFY 2027Change90–110% range
Studio$1,900+3.8%$1,710–$2,090
1BR$2,130+2.9%$1,917–$2,343
2BR$2,700+3.8%$2,430–$2,970
3BR$3,360+5.3%$3,024–$3,696
4BR$3,550+3.2%$3,195–$3,905

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01034
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$2,130$2,700$3,360$3,550
FY 2026$1,830$2,070$2,600$3,190$3,440
FY 2025$1,490$1,720$2,140$2,610$2,910
FY 2024$1,250$1,490$1,840$2,230$2,610
FY 2023$1,060$1,270$1,580$1,930$2,320

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01034
01014$1,790−33.7%
01020$1,800−33.3%
01021$1,790−33.7%
01022$2,580−4.4%
01028$2,050−24.1%
01030$1,750−35.2%
01033$2,060−23.7%
01034Current$2,700—
01036$1,750−35.2%
01040$1,800−33.3%
01041$1,790−33.7%
01050$1,920−28.9%

Questions about ZIP 01034 rents

How much will Section 8 pay for a two-bedroom in ZIP 01034?

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 $2,700 it would be $2,430 to $2,970. 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 01034 in?

ZIP 01034 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 01034 for FY 2027?

The two-bedroom FMR rose 3.8%, from $2,600 in FY 2026 to $2,700 in FY 2027. Since FY 2023 it has risen 70.9%.

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