FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.96ratio
FMR$1,421
Market$1,480
vs market-$59
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR
1.06ratio
FMR$1,800
Market$1,700
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR
1.04ratio
FMR$2,241
Market$2,150
vs market+$91
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
0.97ratio
FMR$2,370
Market$2,450
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.97
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 01199 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 01199 (Springfield, MA) is $1,800 a month. That is up 3.8% from $1,734 in FY 2026. Springfield is in the Springfield, MA MSA. The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01199 is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01199
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,219
$1,264
+3.7%
$1,138–$1,390
1BR
$1,382
$1,421
+2.8%
$1,279–$1,563
2BR
$1,734
$1,800
+3.8%
$1,620–$1,980
3BR
$2,127
$2,241
+5.4%
$2,017–$2,465
4BR
$2,296
$2,370
+3.2%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01199
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,264
$1,421
$1,800
$2,241
$2,370
FY 2026
$1,219
$1,382
$1,734
$2,127
$2,296
FY 2025
$1,044
$1,205
$1,496
$1,823
$2,037
FY 2024
$934
$1,115
$1,375
$1,669
$1,954
FY 2023
$818
$987
$1,223
$1,497
$1,799
Questions about ZIP 01199 rents
How much will Section 8 pay for a two-bedroom in ZIP 01199?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,800, that basic range is $1,620 to $1,980 a month. 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 01199 in?
ZIP 01199 is in the Springfield, MA MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 01199 for FY 2027?
The two-bedroom FMR rose 3.8%, from $1,734 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 47.2%.
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 Fair Market Rents. 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