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Berkshire County/Lee/01238

01238

ZIPSAFMR
Berkshire County, MA
Zillow

ZIP Investment Score

133High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,610$1,770
1 BR$1,620$1,780
2 BR$2,090$2,270
3 BR$2,750$2,950
4 BR$3,490$2,700
5 BR$4,013Not available
6 BR$4,616Not available
7 BR$5,308Not available
8 BR$6,104Not available

Purchase Price Calculator

Maximum purchase price
$275,405

Cost breakdown

+Likely effective rent$2,270
HUD FMR$2,090
Market rent$2,370
Est. payment standard (109%)Used$2,270
-Principal and interest-$1,393
Loan amount$220,324
Down payment$55,081
Rate6.50%
Term30 years
-Operating costs-$677
Property taxes-$275
Insurance-$175
Utilities$0
HOA$0
Management-$227
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,270(65.8% ROI)
Projected value
$296,581
Return breakdown
Property appreciation+$21,176
Loan principal paid down+$7,894
Rental cash flow+$7,200
5-year hold
+$62,267(113.0% ROI)
Projected value
$311,595
Return breakdown
Property appreciation+$36,190
Loan principal paid down+$14,077
Rental cash flow+$12,000
10-year hold
+$134,678(244.5% ROI)
Projected value
$352,541
Return breakdown
Property appreciation+$77,137
Loan principal paid down+$33,542
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.79
2 BR
0.88
3 BR
0.90
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01238 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01238 (Lee, MA) is $2,090 a month. That is up 6.1% from $1,970 in FY 2026. Lee is in the Pittsfield, MA HUD Metro FMR Area. 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 $1,704. Among 40 ZIP codes in Berkshire County, 01238 has the 4th-highest two-bedroom rent (county range $1,470–$2,350). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01238 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01238
BedroomsFY 2027Change90–110% range
Studio$1,610+7.3%$1,449–$1,771
1BR$1,620+5.9%$1,458–$1,782
2BR$2,090+6.1%$1,881–$2,299
3BR$2,750+7.8%$2,475–$3,025
4BR$3,490+10.8%$3,141–$3,839

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01238
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,610$1,620$2,090$2,750$3,490
FY 2026$1,500$1,530$1,970$2,550$3,150
FY 2025$1,260$1,450$1,840$2,360$2,560
FY 2024$1,060$1,220$1,560$2,010$2,100
FY 2023$1,010$1,190$1,510$1,930$2,050

Two-bedroom rent in nearby Berkshire County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01238
01227$1,740−16.7%
01229$1,740−16.7%
01230$1,880−10.0%
01235$1,810−13.4%
01236$2,070−1.0%
01237$1,730−17.2%
01238Current$2,090—
01240$1,650−21.1%
01242$1,890−9.6%
01244$1,860−11.0%
01245$1,670−20.1%
01247$1,680−19.6%

Questions about ZIP 01238 rents

How much will Section 8 pay for a two-bedroom in ZIP 01238?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,704, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,534 to $1,874 a month; under the ZIP-level Small Area FMR of $2,090 it would be $1,881 to $2,299. 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 01238 in?

ZIP 01238 is in the Pittsfield, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,704.

How much did fair market rent change in ZIP 01238 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,970 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 38.4%.

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

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