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Worcester County/Hardwick/01037

01037

ZIPSAFMR
Worcester County, MA
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,330$1,330
2 BR$1,710$1,710
3 BR$2,320$2,320
4 BR$2,670$2,670
5 BR$3,070Not available
6 BR$3,531Not available
7 BR$4,061Not available
8 BR$4,670Not available

Purchase Price Calculator

Maximum purchase price
$192,189

Cost breakdown

+Likely effective rent$1,710
HUD FMRUsed$1,710
Market rentN/A
Est. payment standardN/A
-Principal and interest-$972
Loan amount$153,751
Down payment$38,438
Rate6.50%
Term30 years
-Operating costs-$538
Property taxes-$192
Insurance-$175
Utilities$0
HOA$0
Management-$171
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,486(71.5% ROI)
Projected value
$206,966
Return breakdown
Property appreciation+$14,778
Loan principal paid down+$5,509
Rental cash flow+$7,200
5-year hold
+$47,078(122.5% ROI)
Projected value
$217,444
Return breakdown
Property appreciation+$25,255
Loan principal paid down+$9,823
Rental cash flow+$12,000
10-year hold
+$101,236(263.4% ROI)
Projected value
$246,018
Return breakdown
Property appreciation+$53,829
Loan principal paid down+$23,407
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
--
Tax rate
--
Mortgage rate
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ZIP 01037 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01037 (Hardwick, MA) is $1,710 a month. That is up 4.9% from $1,630 in FY 2026. Hardwick is in the Fitchburg-Leominster, MA HUD Metro FMR Area. 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 $1,900. Among 103 ZIP codes in Worcester County, 01037 has the 98th-highest two-bedroom rent (county range $1,440–$3,400). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01037 is 23% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01037
BedroomsFY 2027Change90–110% range
Studio$1,280+11.3%$1,152–$1,408
1BR$1,330+3.9%$1,197–$1,463
2BR$1,710+4.9%$1,539–$1,881
3BR$2,320+5.9%$2,088–$2,552
4BR$2,670+5.1%$2,403–$2,937

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01037
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,330$1,710$2,320$2,670
FY 2026$1,150$1,280$1,630$2,190$2,540
FY 2025$1,130$1,220$1,550$2,020$2,340
FY 2024$1,030$1,120$1,450$1,930$2,270
FY 2023$920$970$1,260$1,660$1,830

Two-bedroom rent in nearby Worcester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01037
01005$1,860+8.8%
01010$1,570−8.2%
01031$1,810+5.8%
01037Current$1,710—
01068$1,860+8.8%
01074$1,860+8.8%
01082$1,860+8.8%
01083$1,770+3.5%
01092$1,440−15.8%
01094$1,910+11.7%
01331$1,680−1.8%
01364$1,680−1.8%

Questions about ZIP 01037 rents

How much will Section 8 pay for a two-bedroom in ZIP 01037?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,900, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,710 to $2,090 a month; under the ZIP-level Small Area FMR of $1,710 it would be $1,539 to $1,881. 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 01037 in?

ZIP 01037 is in the Fitchburg-Leominster, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,900.

How much did fair market rent change in ZIP 01037 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,630 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 35.7%.

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