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Hampden County/Springfield/01119

01119

ZIPSAFMR
Hampden County, MA
Zillow

ZIP Investment Score

131High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,340$1,150
1 BR$1,510$1,340
2 BR$1,910$1,840
3 BR$2,380$2,480
4 BR$2,510$2,720
5 BR$2,887Not available
6 BR$3,319Not available
7 BR$3,817Not available
8 BR$4,390Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$1,910
Market rentUsed$1,840
Est. payment standard (98%)$1,860
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.13
2 BR
1.04
3 BR
0.94
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 01119 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01119 (Springfield, MA) is $1,910 a month. That is up 2.7% from $1,860 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, 01119 has the 17th-highest two-bedroom rent (county range $1,570–$2,700). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01119 is 14% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01119
BedroomsFY 2027Change90–110% range
Studio$1,340+2.3%$1,206–$1,474
1BR$1,510+2.0%$1,359–$1,661
2BR$1,910+2.7%$1,719–$2,101
3BR$2,380+4.4%$2,142–$2,618
4BR$2,510+2.0%$2,259–$2,761

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01119
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,510$1,910$2,380$2,510
FY 2026$1,310$1,480$1,860$2,280$2,460
FY 2025$1,120$1,290$1,600$1,950$2,180
FY 2024$980$1,170$1,440$1,750$2,050
FY 2023$870$1,050$1,300$1,590$1,910

Two-bedroom rent in nearby Hampden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01119
01105$1,590−16.8%
01106$2,700+41.4%
01107$1,870−2.1%
01108$1,860−2.6%
01109$1,900−0.5%
01111$1,790−6.3%
01115$1,790−6.3%
01116$1,790−6.3%
01118$2,120+11.0%
01119Current$1,910—
01128$2,040+6.8%
01129$2,010+5.2%

Questions about ZIP 01119 rents

How much will Section 8 pay for a two-bedroom in ZIP 01119?

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 $1,910 it would be $1,719 to $2,101. 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 01119 in?

ZIP 01119 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 01119 for FY 2027?

The two-bedroom FMR rose 2.7%, from $1,860 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 46.9%.

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