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Worcester County/East Templeton/01438

01438

ZIPSAFMR
Worcester County, MA
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,370$1,380
1 BR$1,640$1,590
2 BR$1,980$1,820
3 BR$2,510$2,000
4 BR$2,940$2,170
5 BR$3,381Not available
6 BR$3,888Not available
7 BR$4,471Not available
8 BR$5,142Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMR$1,980
Market rentUsed$1,820
Est. payment standard (95%)$1,880
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
1.03
2 BR
1.09
3 BR
1.25
4 BR
1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01438 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01438 (East Templeton, MA) is $1,980 a month. That is up 5.9% from $1,870 in FY 2026. East Templeton is in the Fitchburg-Leominster, MA HUD Metro 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 metro-wide two-bedroom FMR of $1,900. Among 103 ZIP codes in Worcester County, 01438 is tied for the 50th-highest two-bedroom rent (county range $1,440–$3,400). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01438 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01438
BedroomsFY 2027Change90–110% range
Studio$1,370+6.2%$1,233–$1,507
1BR$1,640+8.6%$1,476–$1,804
2BR$1,980+5.9%$1,782–$2,178
3BR$2,510+4.6%$2,259–$2,761
4BR$2,940+4.3%$2,646–$3,234

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01438
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,370$1,640$1,980$2,510$2,940
FY 2026$1,290$1,510$1,870$2,400$2,820
FY 2025$1,250$1,460$1,820$2,370$2,700
FY 2024$1,120$1,300$1,660$2,160$2,490
FY 2023$1,040$1,100$1,430$1,840$2,140

Two-bedroom rent in nearby Worcester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01438
01420$1,790−9.6%
01430$2,360+19.2%
01431$2,650+33.8%
01434$2,650+33.8%
01436$1,840−7.1%
01438Current$1,980—
01440$1,690−14.6%
01441$2,160+9.1%
01451$2,650+33.8%
01452$1,860−6.1%
01453$2,020+2.0%
01462$2,840+43.4%

Questions about ZIP 01438 rents

How much will Section 8 pay for a two-bedroom in ZIP 01438?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,900, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,710 to $2,090 a month; under the ZIP-level Small Area FMR of $1,980 it would be $1,782 to $2,178. 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 01438 in?

ZIP 01438 is in the Fitchburg-Leominster, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,900.

How much did fair market rent change in ZIP 01438 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,870 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 38.5%.

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