Skip to main content
Loading page
Hampden County/Monson/01057

01057

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,250$1,380
2 BR$1,570$1,730
3 BR$1,920$2,110
4 BR$2,070$2,280
5 BR$2,381Not available
6 BR$2,738Not available
7 BR$3,148Not available
8 BR$3,620Not available

Purchase Price Calculator

Maximum purchase price
$195,161

Cost breakdown

+Likely effective rent$1,730
HUD FMR$1,570
Market rent$1,960
Est. payment standard (110%)Used$1,730
-Principal and interest-$987
Loan amount$156,129
Down payment$39,032
Rate6.50%
Term30 years
-Operating costs-$543
Property taxes-$195
Insurance-$175
Utilities$0
HOA$0
Management-$173
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,800(71.2% ROI)
Projected value
$210,167
Return breakdown
Property appreciation+$15,006
Loan principal paid down+$5,594
Rental cash flow+$7,200
5-year hold
+$47,621(122.0% ROI)
Projected value
$220,807
Return breakdown
Property appreciation+$25,646
Loan principal paid down+$9,975
Rental cash flow+$12,000
10-year hold
+$102,430(262.4% ROI)
Projected value
$249,822
Return breakdown
Property appreciation+$54,662
Loan principal paid down+$23,769
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.60
1 BR
0.65
2 BR
0.80
3 BR
0.81
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01057 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01057 (Monson, MA) is $1,570 a month. That is up 9.0% from $1,440 in FY 2026. Monson 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, 01057 is tied for the 52nd-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01057 is 29% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01057
BedroomsFY 2027Change90–110% range
Studio$1,100+8.9%$990–$1,210
1BR$1,250+8.7%$1,125–$1,375
2BR$1,570+9.0%$1,413–$1,727
3BR$1,920+8.5%$1,728–$2,112
4BR$2,070+8.4%$1,863–$2,277

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01057
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,250$1,570$1,920$2,070
FY 2026$1,010$1,150$1,440$1,770$1,910
FY 2025$870$1,010$1,240$1,510$1,760
FY 2024$780$930$1,150$1,400$1,630
FY 2023$710$860$1,060$1,300$1,560

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01057
01034$2,700+72.0%
01036$1,750+11.5%
01040$1,800+14.6%
01041$1,790+14.0%
01050$1,920+22.3%
01056$1,800+14.6%
01057Current$1,570—
01069$1,810+15.3%
01071$1,5700.0%
01073$1,830+16.6%
01077$1,870+19.1%
01079$1,580+0.6%

Questions about ZIP 01057 rents

How much will Section 8 pay for a two-bedroom in ZIP 01057?

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 $1,570 it would be $1,413 to $1,727. 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 01057 in?

ZIP 01057 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 01057 for FY 2027?

The two-bedroom FMR rose 9.0%, from $1,440 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 48.1%.

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