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Franklin County/Gill/01354

01354

ZIPSAFMR
Franklin County, MA
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,490
1 BR$1,480$1,550
2 BR$1,940$1,790
3 BR$2,310$1,980
4 BR$2,550$2,100
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,940
Market rentUsed$1,790
Est. payment standard (95%)$1,840
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.93
2 BR
1.08
3 BR
1.17
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01354 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01354 (Gill, MA) is $1,940 a month. That is down 2.0% from $1,980 in FY 2026. Gill 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, 01354 is tied for the 17th-highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01354 is 13% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01354
BedroomsFY 2027Change90–110% range
Studio$1,350−1.5%$1,215–$1,485
1BR$1,480−2.0%$1,332–$1,628
2BR$1,940−2.0%$1,746–$2,134
3BR$2,310−2.5%$2,079–$2,541
4BR$2,550−2.7%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01354
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,480$1,940$2,310$2,550
FY 2026$1,370$1,510$1,980$2,370$2,620
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$970$1,120$1,450$1,800$2,070

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01354
01342$2,440+25.8%
01343$1,680−13.4%
01344$1,680−13.4%
01346$1,680−13.4%
01347$1,9400.0%
01349$1,850−4.6%
01350$1,680−13.4%
01351$2,020+4.1%
01354Current$1,940—
01355$1,680−13.4%
01360$1,980+2.1%
01364$1,680−13.4%

Questions about ZIP 01354 rents

How much will Section 8 pay for a two-bedroom in ZIP 01354?

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 $1,940 it would be $1,746 to $2,134. 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 01354 in?

ZIP 01354 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 01354 for FY 2027?

The two-bedroom FMR fell 2.0%, from $1,980 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 33.8%.

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