FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
0.78ratio
FMR$1,410
Market$1,800
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR
0.89ratio
FMR$1,790
Market$2,010
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.98ratio
FMR$2,230
Market$2,270
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
0.94ratio
FMR$2,360
Market$2,500
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
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 01086 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01086 (Westfield, MA) is $1,790 a month. That is up 4.7% from $1,710 in FY 2026. Westfield 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, 01086 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 01086 is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01086
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 01086
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 2024area FMR
$934
$1,115
$1,375
$1,669
$1,954
FY 2023area FMR
$818
$987
$1,223
$1,497
$1,799
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Hampden County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01086?
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 01086 in?
ZIP 01086 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 01086 for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,710 in FY 2026 to $1,790 in FY 2027. Since FY 2025 it has risen 22.6%.
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