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Franklin County/Montague/01351

01351

ZIPSAFMR
Franklin County, MA
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,410
1 BR$1,540$1,540
2 BR$2,020$2,020
3 BR$2,410$2,410
4 BR$2,650$2,650
5 BR$3,047Not available
6 BR$3,505Not available
7 BR$4,030Not available
8 BR$4,635Not available

Purchase Price Calculator

Maximum purchase price
$238,255

Cost breakdown

+Likely effective rent$2,020
HUD FMRUsed$2,020
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,205
Loan amount$190,604
Down payment$47,651
Rate6.50%
Term30 years
-Operating costs-$615
Property taxes-$238
Insurance-$175
Utilities$0
HOA$0
Management-$202
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,348(67.9% ROI)
Projected value
$256,574
Return breakdown
Property appreciation+$18,320
Loan principal paid down+$6,829
Rental cash flow+$7,200
5-year hold
+$55,486(116.4% ROI)
Projected value
$269,563
Return breakdown
Property appreciation+$31,309
Loan principal paid down+$12,178
Rental cash flow+$12,000
10-year hold
+$119,749(251.3% ROI)
Projected value
$304,986
Return breakdown
Property appreciation+$66,731
Loan principal paid down+$29,017
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 01351 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01351 (Montague, MA) is $2,020 a month. That is down 4.7% from $2,120 in FY 2026. Montague 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, 01351 is tied for the 11th-highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01351 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01351
BedroomsFY 2027Change90–110% range
Studio$1,410−3.4%$1,269–$1,551
1BR$1,540−4.9%$1,386–$1,694
2BR$2,020−4.7%$1,818–$2,222
3BR$2,410−5.1%$2,169–$2,651
4BR$2,650−5.7%$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01351
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,540$2,020$2,410$2,650
FY 2026$1,460$1,620$2,120$2,540$2,810
FY 2025$1,190$1,320$1,730$2,080$2,330
FY 2024$1,100$1,240$1,630$1,980$2,300
FY 2023$900$1,040$1,350$1,670$1,930

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01351
01341$2,640+30.7%
01342$2,440+20.8%
01343$1,680−16.8%
01344$1,680−16.8%
01346$1,680−16.8%
01347$1,940−4.0%
01349$1,850−8.4%
01350$1,680−16.8%
01351Current$2,020—
01354$1,940−4.0%
01355$1,680−16.8%
01360$1,980−2.0%

Questions about ZIP 01351 rents

How much will Section 8 pay for a two-bedroom in ZIP 01351?

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 $2,020 it would be $1,818 to $2,222. 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 01351 in?

ZIP 01351 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 01351 for FY 2027?

The two-bedroom FMR fell 4.7%, from $2,120 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 49.6%.

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