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Franklin County/Warwick/01378

01378

ZIPSAFMR
Franklin County, MA
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,360$1,360
1 BR$1,490$1,490
2 BR$1,950$1,950
3 BR$2,320$2,320
4 BR$2,560$2,560
5 BR$2,944Not available
6 BR$3,386Not available
7 BR$3,893Not available
8 BR$4,477Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMRUsed$1,950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
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 01378 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01378 (Warwick, MA) is $1,950 a month. That is up 18.2% from $1,650 in FY 2026. Warwick 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, 01378 is tied for the 15th-highest two-bedroom rent (county range $1,680–$2,640). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01378 is 12% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01378
BedroomsFY 2027Change90–110% range
Studio$1,360+19.3%$1,224–$1,496
1BR$1,490+18.3%$1,341–$1,639
2BR$1,950+18.2%$1,755–$2,145
3BR$2,320+12.6%$2,088–$2,552
4BR$2,560+13.8%$2,304–$2,816

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01378
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,490$1,950$2,320$2,560
FY 2026$1,140$1,260$1,650$2,060$2,250
FY 2025$940$1,050$1,370$1,710$1,880
FY 2024$860$960$1,260$1,530$1,780
FY 2023$810$940$1,200$1,530$1,730

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01378
01354$1,940−0.5%
01355$1,680−13.8%
01360$1,980+1.5%
01364$1,680−13.8%
01367$1,680−13.8%
01370$1,680−13.8%
01373$1,9500.0%
01375$2,420+24.1%
01376$1,800−7.7%
01378Current$1,950—
01379$2,270+16.4%
01380$2,020+3.6%

Questions about ZIP 01378 rents

How much will Section 8 pay for a two-bedroom in ZIP 01378?

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 $1,950 it would be $1,755 to $2,145. 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 01378 in?

ZIP 01378 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 01378 for FY 2027?

The two-bedroom FMR rose 18.2%, from $1,650 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 62.5%.

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