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Hampden County/Springfield/01103

01103

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,430
1 BR$1,690$1,620
2 BR$2,140$1,870
3 BR$2,660$2,100
4 BR$2,820$2,420
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$215,965

Cost breakdown

+Likely effective rent$1,870
HUD FMR$2,140
Market rentUsed$1,870
Est. payment standard (92%)$1,960
-Principal and interest-$1,092
Loan amount$172,772
Down payment$43,193
Rate6.50%
Term30 years
-Operating costs-$578
Property taxes-$216
Insurance-$175
Utilities$0
HOA$0
Management-$187
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,996(69.4% ROI)
Projected value
$232,570
Return breakdown
Property appreciation+$16,606
Loan principal paid down+$6,190
Rental cash flow+$7,200
5-year hold
+$51,418(119.0% ROI)
Projected value
$244,344
Return breakdown
Property appreciation+$28,380
Loan principal paid down+$11,038
Rental cash flow+$12,000
10-year hold
+$110,791(256.5% ROI)
Projected value
$276,453
Return breakdown
Property appreciation+$60,488
Loan principal paid down+$26,303
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
1.04
2 BR
1.14
3 BR
1.27
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01103 (Springfield, MA) is $2,140 a month. That is up 4.4% from $2,050 in FY 2026. Springfield 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, 01103 has the 4th-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01103 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01103
BedroomsFY 2027Change90–110% range
Studio$1,500+4.2%$1,350–$1,650
1BR$1,690+3.7%$1,521–$1,859
2BR$2,140+4.4%$1,926–$2,354
3BR$2,660+6.0%$2,394–$2,926
4BR$2,820+4.1%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01103
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,690$2,140$2,660$2,820
FY 2026$1,440$1,630$2,050$2,510$2,710
FY 2025$1,180$1,360$1,690$2,060$2,300
FY 2024$1,010$1,200$1,480$1,800$2,100
FY 2023$840$1,020$1,260$1,540$1,850

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01103
01095$1,790−16.4%
01097$1,570−26.6%
01101$1,790−16.4%
01103Current$2,140—
01104$1,960−8.4%
01105$1,590−25.7%
01106$2,700+26.2%
01107$1,870−12.6%
01108$1,860−13.1%
01109$1,900−11.2%
01111$1,790−16.4%
01115$1,790−16.4%

Questions about ZIP 01103 rents

How much will Section 8 pay for a two-bedroom in ZIP 01103?

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 $2,140 it would be $1,926 to $2,354. 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 01103 in?

ZIP 01103 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 01103 for FY 2027?

The two-bedroom FMR rose 4.4%, from $2,050 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 69.8%.

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