Franklin County/Erving/01344

01344

ZIPSAFMR

Franklin County, MA

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ZIP Investment Score

71Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,160	$1,280	14.1%
1 BR	$1,280	$1,410	12.9%
2 BR	$1,680	$1,690	13.1%
3 BR	$2,020	$1,880	12.2%
4 BR	$2,230	$1,970	10.6%
5 BR	$2,565	Not available	10.6%
6 BR	$2,949	Not available	10.6%
7 BR	$3,392	Not available	10.6%
8 BR	$3,900	Not available	10.6%

Purchase Price Calculator

Maximum purchase price

$189,217

Cost breakdown

+Likely effective rent$1,690

HUD FMR$1,680

Market rent$1,690

Est. payment standard (100%)Used$1,690

-Principal and interest-$957

Loan amount$151,373

Down payment$37,843

Rate6.50%

Term30 years

-Operating costs-$533

Property taxes-$189

Insurance-$175

Utilities$0

HOA$0

Management-$169

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,172(71.8% ROI)

Projected value

$203,766

Return breakdown

Property appreciation+$14,549

Loan principal paid down+$5,423

Rental cash flow+$7,200

5-year hold

+$46,536(123.0% ROI)

Projected value

$214,081

Return breakdown

Property appreciation+$24,865

Loan principal paid down+$9,671

Rental cash flow+$12,000

10-year hold

+$100,042(264.4% ROI)

Projected value

$242,214

Return breakdown

Property appreciation+$52,997

Loan principal paid down+$23,045

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.76ratio

FMR$1,160

Market$1,520

vs market-$360

FMR is below market; voucher rent may lag private rents.

0.76

1 BR

0.80ratio

FMR$1,280

Market$1,600

vs market-$320

FMR is below market; voucher rent may lag private rents.

0.80

2 BR

0.99ratio

FMR$1,680

Market$1,690

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

3 BR

1.07ratio

FMR$2,020

Market$1,880

vs market+$140

FMR is near market; voucher and private rents are aligned.

1.07

4 BR

1.13ratio

FMR$2,230

Market$1,970

vs market+$260

FMR is above market; underwrite to market rent.

1.13

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 01344 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01344 (Erving, MA) is $1,680 a month. That is up 14.3% from $1,470 in FY 2026. Erving 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, 01344 is tied for the 25th-highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01344 is 24% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01344
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,010	$1,160	+14.9%	$1,044–$1,276
1BR	$1,120	$1,280	+14.3%	$1,152–$1,408
2BR	$1,470	$1,680	+14.3%	$1,512–$1,848
3BR	$1,760	$2,020	+14.8%	$1,818–$2,222
4BR	$1,950	$2,230	+14.4%	$2,007–$2,453

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01344
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,160	$1,280	$1,680	$2,020	$2,230
FY 2026	$1,010	$1,120	$1,470	$1,760	$1,950
FY 2025	$890	$1,000	$1,310	$1,590	$1,850
FY 2024	$780	$890	$1,160	$1,430	$1,650
FY 2023	$720	$820	$1,050	$1,350	$1,510

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 01344
01337	$1,990	+18.5%
01338	$1,680	0.0%
01339	$1,680	0.0%
01340	$1,680	0.0%
01341	$2,640	+57.1%
01342	$2,440	+45.2%
01343	$1,680	0.0%
01344Current	$1,680	—
01346	$1,680	0.0%
01347	$1,940	+15.5%
01349	$1,850	+10.1%
01350	$1,680	0.0%

Questions about ZIP 01344 rents

How much will Section 8 pay for a two-bedroom in ZIP 01344?

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 $1,680 it would be $1,512 to $1,848. 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 01344 in?

ZIP 01344 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 01344 for FY 2027?

The two-bedroom FMR rose 14.3%, from $1,470 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 60.0%.

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 rent Erving, MA fair market rent MA statewide rents What is SAFMR?Data sources