FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.87ratio
FMR$1,440
Market$1,650
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
1.00ratio
FMR$1,880
Market$1,880
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR
0.95ratio
FMR$2,240
Market$2,350
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR
0.82ratio
FMR$2,470
Market$3,000
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.82
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
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ZIP 01302 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01302 (Greenfield, MA) is $1,880 a month. That is up 0.5% from $1,870 in FY 2026. Greenfield is in the Franklin County, MA non-metropolitan 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 county-wide two-bedroom FMR of $1,882. Among 37 ZIP codes in Franklin County, 01302 has the 19th-highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01302 is 15% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01302
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,310
+1.6%
$1,179–$1,441
1BR
$1,430
$1,440
+0.7%
$1,296–$1,584
2BR
$1,870
$1,880
+0.5%
$1,692–$2,068
3BR
$2,240
$2,240
0.0%
$2,016–$2,464
4BR
$2,480
$2,470
−0.4%
$2,223–$2,717
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01302
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,440
$1,880
$2,240
$2,470
FY 2026
$1,290
$1,430
$1,870
$2,240
$2,480
FY 2025
$1,070
$1,190
$1,560
$1,880
$2,100
FY 2024
$980
$1,100
$1,450
$1,760
$2,050
FY 2023area FMR
$856
$988
$1,280
$1,586
$1,831
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Franklin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01302?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,882, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,694 to $2,070 a month; under the ZIP-level Small Area FMR of $1,880 it would be $1,692 to $2,068. 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 01302 in?
ZIP 01302 is in the Franklin County, MA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,882.
How much did fair market rent change in ZIP 01302 for FY 2027?
The two-bedroom FMR rose 0.5%, from $1,870 in FY 2026 to $1,880 in FY 2027. Since FY 2024 it has risen 29.7%.
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