Skip to main content
Loading page
Franklin County/Conway/01341

01341

ZIPSAFMR
Franklin County, MA
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,840
1 BR$2,020$2,020
2 BR$2,640$2,640
3 BR$3,150$3,150
4 BR$3,470$3,470
5 BR$3,990Not available
6 BR$4,589Not available
7 BR$5,277Not available
8 BR$6,069Not available

Purchase Price Calculator

Maximum purchase price
$330,386

Cost breakdown

+Likely effective rent$2,640
HUD FMRUsed$2,640
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,671
Loan amount$264,309
Down payment$66,077
Rate6.50%
Term30 years
-Operating costs-$769
Property taxes-$330
Insurance-$175
Utilities$0
HOA$0
Management-$264
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,073(63.7% ROI)
Projected value
$355,790
Return breakdown
Property appreciation+$25,404
Loan principal paid down+$9,470
Rental cash flow+$7,200
5-year hold
+$72,302(109.4% ROI)
Projected value
$373,802
Return breakdown
Property appreciation+$43,415
Loan principal paid down+$16,887
Rental cash flow+$12,000
10-year hold
+$156,774(237.3% ROI)
Projected value
$422,923
Return breakdown
Property appreciation+$92,536
Loan principal paid down+$40,238
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

ZIP 01341 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01341 (Conway, MA) is $2,640 a month. That is up 2.3% from $2,580 in FY 2026. Conway 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, 01341 has the highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01341 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01341
BedroomsFY 2027Change90–110% range
Studio$1,840+3.4%$1,656–$2,024
1BR$2,020+2.5%$1,818–$2,222
2BR$2,640+2.3%$2,376–$2,904
3BR$3,150+1.9%$2,835–$3,465
4BR$3,470+1.5%$3,123–$3,817

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01341
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$2,020$2,640$3,150$3,470
FY 2026$1,780$1,970$2,580$3,090$3,420
FY 2025$1,390$1,550$2,030$2,450$2,730
FY 2024$1,230$1,380$1,810$2,200$2,550
FY 2023$1,020$1,180$1,530$1,900$2,190

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01341
01337$1,990−24.6%
01338$1,680−36.4%
01339$1,680−36.4%
01340$1,680−36.4%
01341Current$2,640—
01342$2,440−7.6%
01343$1,680−36.4%
01344$1,680−36.4%
01346$1,680−36.4%
01347$1,940−26.5%
01349$1,850−29.9%
01350$1,680−36.4%

Questions about ZIP 01341 rents

How much will Section 8 pay for a two-bedroom in ZIP 01341?

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 $2,640 it would be $2,376 to $2,904. 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 01341 in?

ZIP 01341 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 01341 for FY 2027?

The two-bedroom FMR rose 2.3%, from $2,580 in FY 2026 to $2,640 in FY 2027. Since FY 2023 it has risen 72.5%.

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