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Middlesex County/Berlin/01503

01503

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$2,130$1,770
1 BR$2,230$2,400
2 BR$2,840$2,930
3 BR$3,890$2,980
4 BR$4,250$3,150
5 BR$4,888Not available
6 BR$5,621Not available
7 BR$6,464Not available
8 BR$7,433Not available

Purchase Price Calculator

Maximum purchase price
$373,480

Cost breakdown

+Likely effective rent$2,930
HUD FMR$2,840
Market rent$2,980
Est. payment standard (103%)Used$2,930
-Principal and interest-$1,889
Loan amount$298,784
Down payment$74,696
Rate6.50%
Term30 years
-Operating costs-$841
Property taxes-$373
Insurance-$175
Utilities$0
HOA$0
Management-$293
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,622(62.4% ROI)
Projected value
$402,197
Return breakdown
Property appreciation+$28,717
Loan principal paid down+$10,705
Rental cash flow+$7,200
5-year hold
+$80,168(107.3% ROI)
Projected value
$422,559
Return breakdown
Property appreciation+$49,078
Loan principal paid down+$19,089
Rental cash flow+$12,000
10-year hold
+$174,093(233.1% ROI)
Projected value
$478,086
Return breakdown
Property appreciation+$104,606
Loan principal paid down+$45,487
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
0.90
2 BR
0.95
3 BR
1.31
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 01503 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01503 (Berlin, MA) is $2,840 a month. That is up 10.9% from $2,560 in FY 2026. Berlin is in the Boston-Cambridge-Quincy, MA-NH 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 $3,008. Among 107 ZIP codes in Middlesex County, 01503 is tied for the 68th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01503 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01503
BedroomsFY 2027Change90–110% range
Studio$2,130+4.4%$1,917–$2,343
1BR$2,230+3.2%$2,007–$2,453
2BR$2,840+10.9%$2,556–$3,124
3BR$3,890+26.3%$3,501–$4,279
4BR$4,250+23.9%$3,825–$4,675

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01503
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,130$2,230$2,840$3,890$4,250
FY 2026$2,040$2,160$2,560$3,080$3,430
FY 2025$2,000$2,140$2,550$3,080$3,390
FY 2024$1,830$1,980$2,380$2,890$3,190
FY 2023$890$1,010$1,330$1,800$2,140

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01503
01434$2,650−6.7%
01450$2,650−6.7%
01451$2,650−6.7%
01460$2,810−1.1%
01462$2,8400.0%
01463$2,650−6.7%
01464$2,650−6.7%
01469$2,650−6.7%
01472$2,980+4.9%
01474$3,400+19.7%
01503Current$2,840—
01532$2,8400.0%

Questions about ZIP 01503 rents

How much will Section 8 pay for a two-bedroom in ZIP 01503?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,008, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,707 to $3,309 a month; under the ZIP-level Small Area FMR of $2,840 it would be $2,556 to $3,124. 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 01503 in?

ZIP 01503 is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,008.

How much did fair market rent change in ZIP 01503 for FY 2027?

The two-bedroom FMR rose 10.9%, from $2,560 in FY 2026 to $2,840 in FY 2027. Since FY 2023 it has risen 113.5%.

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