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Hampden County/Springfield/01108

01108

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,440
1 BR$1,470$1,430
2 BR$1,860$1,880
3 BR$2,320$2,390
4 BR$2,450$2,650
5 BR$2,818Not available
6 BR$3,240Not available
7 BR$3,726Not available
8 BR$4,285Not available

Purchase Price Calculator

Maximum purchase price
$217,451

Cost breakdown

+Likely effective rent$1,880
HUD FMR$1,860
Market rent$1,890
Est. payment standard (101%)Used$1,880
-Principal and interest-$1,100
Loan amount$173,961
Down payment$43,490
Rate6.50%
Term30 years
-Operating costs-$580
Property taxes-$217
Insurance-$175
Utilities$0
HOA$0
Management-$188
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,153(69.3% ROI)
Projected value
$234,171
Return breakdown
Property appreciation+$16,720
Loan principal paid down+$6,233
Rental cash flow+$7,200
5-year hold
+$51,689(118.9% ROI)
Projected value
$246,026
Return breakdown
Property appreciation+$28,575
Loan principal paid down+$11,114
Rental cash flow+$12,000
10-year hold
+$111,388(256.1% ROI)
Projected value
$278,355
Return breakdown
Property appreciation+$60,905
Loan principal paid down+$26,484
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
1.03
2 BR
0.98
3 BR
0.95
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01108 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01108 (Springfield, MA) is $1,860 a month. That is up 6.3% from $1,750 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, 01108 is tied for the 22nd-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01108 is 16% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01108
BedroomsFY 2027Change90–110% range
Studio$1,310+6.5%$1,179–$1,441
1BR$1,470+5.8%$1,323–$1,617
2BR$1,860+6.3%$1,674–$2,046
3BR$2,320+7.9%$2,088–$2,552
4BR$2,450+5.6%$2,205–$2,695

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01108
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,470$1,860$2,320$2,450
FY 2026$1,230$1,390$1,750$2,150$2,320
FY 2025$1,050$1,210$1,500$1,830$2,040
FY 2024$940$1,120$1,380$1,670$1,960
FY 2023$820$990$1,230$1,510$1,810

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01108
01101$1,790−3.8%
01103$2,140+15.1%
01104$1,960+5.4%
01105$1,590−14.5%
01106$2,700+45.2%
01107$1,870+0.5%
01108Current$1,860—
01109$1,900+2.2%
01111$1,790−3.8%
01115$1,790−3.8%
01116$1,790−3.8%
01118$2,120+14.0%

Questions about ZIP 01108 rents

How much will Section 8 pay for a two-bedroom in ZIP 01108?

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 $1,860 it would be $1,674 to $2,046. 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 01108 in?

ZIP 01108 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 01108 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,750 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 51.2%.

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

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