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Worcester County/Boylston/01505

01505

ZIPSAFMR
Worcester County, MA
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,970$1,640
1 BR$1,980$2,180
2 BR$2,550$2,750
3 BR$3,190$3,000
4 BR$3,640$3,070
5 BR$4,186Not available
6 BR$4,814Not available
7 BR$5,536Not available
8 BR$6,366Not available

Purchase Price Calculator

Maximum purchase price
$346,732

Cost breakdown

+Likely effective rent$2,750
HUD FMR$2,550
Market rent$2,860
Est. payment standard (108%)Used$2,750
-Principal and interest-$1,753
Loan amount$277,386
Down payment$69,346
Rate6.50%
Term30 years
-Operating costs-$797
Property taxes-$347
Insurance-$175
Utilities$0
HOA$0
Management-$275
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,799(63.2% ROI)
Projected value
$373,393
Return breakdown
Property appreciation+$26,660
Loan principal paid down+$9,938
Rental cash flow+$7,200
5-year hold
+$75,286(108.6% ROI)
Projected value
$392,296
Return breakdown
Property appreciation+$45,563
Loan principal paid down+$17,722
Rental cash flow+$12,000
10-year hold
+$163,343(235.5% ROI)
Projected value
$443,847
Return breakdown
Property appreciation+$97,114
Loan principal paid down+$42,229
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
0.87
2 BR
0.89
3 BR
1.06
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01505 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01505 (Boylston, MA) is $2,550 a month. That is up 1.2% from $2,520 in FY 2026. Boylston 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, 01505 has the 24th-highest two-bedroom rent (county range $1,440–$3,400). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01505 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01505
BedroomsFY 2027Change90–110% range
Studio$1,970+1.0%$1,773–$2,167
1BR$1,980+1.0%$1,782–$2,178
2BR$2,550+1.2%$2,295–$2,805
3BR$3,190+2.2%$2,871–$3,509
4BR$3,640+5.2%$3,276–$4,004

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01505
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,970$1,980$2,550$3,190$3,640
FY 2026$1,950$1,960$2,520$3,120$3,460
FY 2025$1,660$1,670$2,150$2,630$2,890
FY 2024$1,310$1,320$1,700$2,060$2,260
FY 2023$1,100$1,140$1,460$1,780$1,960

Two-bedroom rent in nearby Worcester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01505
01501$1,860−27.1%
01503$2,840+11.4%
01504$2,650+3.9%
01505Current$2,550—
01506$1,860−27.1%
01507$1,860−27.1%
01508$1,980−22.4%
01509$1,980−22.4%
01510$1,950−23.5%
01515$1,860−27.1%
01516$2,120−16.9%
01518$1,860−27.1%

Questions about ZIP 01505 rents

How much will Section 8 pay for a two-bedroom in ZIP 01505?

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 $2,550 it would be $2,295 to $2,805. 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 01505 in?

ZIP 01505 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 01505 for FY 2027?

The two-bedroom FMR rose 1.2%, from $2,520 in FY 2026 to $2,550 in FY 2027. Since FY 2023 it has risen 74.7%.

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