FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR
1.01ratio
FMR$1,410
Market$1,390
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
1.07ratio
FMR$1,790
Market$1,670
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR
1.03ratio
FMR$2,230
Market$2,160
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
1.09ratio
FMR$2,360
Market$2,170
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.09
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 01041 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01041 (Holyoke, MA) is $1,790 a month. That is up 4.7% from $1,710 in FY 2026. Holyoke 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, 01041 is tied for the 31st-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01041 is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01041
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,260
+5.0%
$1,134–$1,386
1BR
$1,360
$1,410
+3.7%
$1,269–$1,551
2BR
$1,710
$1,790
+4.7%
$1,611–$1,969
3BR
$2,100
$2,230
+6.2%
$2,007–$2,453
4BR
$2,260
$2,360
+4.4%
$2,124–$2,596
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01041
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,410
$1,790
$2,230
$2,360
FY 2026
$1,200
$1,360
$1,710
$2,100
$2,260
FY 2025
$1,020
$1,180
$1,460
$1,780
$1,990
FY 2024
$910
$1,090
$1,340
$1,630
$1,900
FY 2023
$790
$950
$1,180
$1,440
$1,740
Two-bedroom rent in nearby Hampden County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01041?
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 $1,790 it would be $1,611 to $1,969. 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 01041 in?
ZIP 01041 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 01041 for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,710 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 51.7%.
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