FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.88ratio
FMR$1,640
Market$1,870
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR
0.84ratio
FMR$2,100
Market$2,500
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR
0.92ratio
FMR$2,750
Market$2,990
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.82ratio
FMR$2,860
Market$3,480
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.82
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 01061 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01061 (Northampton, MA) is $2,100 a month. That is down 1.4% from $2,130 in FY 2026. Northampton is in the Amherst Town-Northampton, 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 $2,034. Among 37 ZIP codes in Hampshire County, 01061 is tied for the 13th-highest two-bedroom rent (county range $1,800–$3,050). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01061 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01061
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,460
−0.7%
$1,314–$1,606
1BR
$1,680
$1,640
−2.4%
$1,476–$1,804
2BR
$2,130
$2,100
−1.4%
$1,890–$2,310
3BR
$2,660
$2,750
+3.4%
$2,475–$3,025
4BR
$2,870
$2,860
−0.3%
$2,574–$3,146
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01061
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,640
$2,100
$2,750
$2,860
FY 2026
$1,470
$1,680
$2,130
$2,660
$2,870
FY 2025
$1,150
$1,330
$1,650
$2,010
$2,250
FY 2024
$1,040
$1,240
$1,530
$1,860
$2,170
FY 2023
$920
$1,110
$1,380
$1,690
$2,030
Two-bedroom rent in nearby Hampshire County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01061?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,034, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,831 to $2,237 a month; under the ZIP-level Small Area FMR of $2,100 it would be $1,890 to $2,310. 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 01061 in?
ZIP 01061 is in the Amherst Town-Northampton, MA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,034.
How much did fair market rent change in ZIP 01061 for FY 2027?
The two-bedroom FMR fell 1.4%, from $2,130 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 52.2%.
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