FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR
0.77ratio
FMR$1,250
Market$1,620
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR
0.80ratio
FMR$1,570
Market$1,960
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.91ratio
FMR$1,920
Market$2,120
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR
0.92ratio
FMR$2,070
Market$2,240
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.92
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 01097 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01097 (Woronoco, MA) is $1,570 a month. That is up 4.7% from $1,500 in FY 2026. Woronoco 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, 01097 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 01097 is 29% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01097
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,100
+4.8%
$990–$1,210
1BR
$1,200
$1,250
+4.2%
$1,125–$1,375
2BR
$1,500
$1,570
+4.7%
$1,413–$1,727
3BR
$1,840
$1,920
+4.3%
$1,728–$2,112
4BR
$1,980
$2,070
+4.5%
$1,863–$2,277
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01097
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,250
$1,570
$1,920
$2,070
FY 2026
$1,050
$1,200
$1,500
$1,840
$1,980
FY 2025
$910
$1,050
$1,310
$1,590
$1,780
FY 2024
$830
$990
$1,220
$1,490
$1,740
FY 2023
$740
$900
$1,110
$1,360
$1,640
Two-bedroom rent in nearby Hampden County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01097?
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 01097 in?
ZIP 01097 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 01097 for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,500 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 41.4%.
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