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Berkshire County/Richmond/01254

01254

ZIPSAFMR
Berkshire County, MA
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,480
1 BR$1,510$1,510
2 BR$1,900$1,900
3 BR$2,490$2,490
4 BR$3,010$3,010
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMRUsed$1,900
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 01254 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01254 (Richmond, MA) is $1,900 a month. That is up 1.6% from $1,870 in FY 2026. Richmond 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, 01254 has the 10th-highest two-bedroom rent (county range $1,470–$2,350). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01254 is 14% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01254
BedroomsFY 2027Change90–110% range
Studio$1,480+2.1%$1,332–$1,628
1BR$1,510+1.3%$1,359–$1,661
2BR$1,900+1.6%$1,710–$2,090
3BR$2,490+4.6%$2,241–$2,739
4BR$3,010+3.1%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01254
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,510$1,900$2,490$3,010
FY 2026$1,450$1,490$1,870$2,380$2,920
FY 2025$1,290$1,490$1,890$2,440$2,580
FY 2024$1,420$1,650$2,100$2,710$2,800
FY 2023$1,390$1,640$2,080$2,660$2,810

Two-bedroom rent in nearby Berkshire County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01254
01245$1,670−12.1%
01247$1,680−11.6%
01252$1,670−12.1%
01253$1,670−12.1%
01254Current$1,900—
01255$2,130+12.1%
01256$1,600−15.8%
01257$1,710−10.0%
01258$1,710−10.0%
01259$1,730−8.9%
01260$2,000+5.3%
01262$1,930+1.6%

Questions about ZIP 01254 rents

How much will Section 8 pay for a two-bedroom in ZIP 01254?

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 $1,900 it would be $1,710 to $2,090. 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 01254 in?

ZIP 01254 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 01254 for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,870 in FY 2026 to $1,900 in FY 2027. Since FY 2023 it has fallen 8.7%.

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