FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.89ratio
FMR$1,540
Market$1,730
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR
0.86ratio
FMR$1,980
Market$2,290
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
1.02ratio
FMR$2,480
Market$2,420
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
1.11ratio
FMR$2,830
Market$2,550
vs market+$280
FMR is above market; underwrite to market rent.
1.11
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 01508 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01508 (Charlton City, MA) is $1,980 a month. That is down 0.5% from $1,990 in FY 2026. Charlton City 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, 01508 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 01508 is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 01508
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,540
$1,530
−0.6%
$1,377–$1,683
1BR
$1,550
$1,540
−0.6%
$1,386–$1,694
2BR
$1,990
$1,980
−0.5%
$1,782–$2,178
3BR
$2,470
$2,480
+0.4%
$2,232–$2,728
4BR
$2,730
$2,830
+3.7%
$2,547–$3,113
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 01508
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,530
$1,540
$1,980
$2,480
$2,830
FY 2026
$1,540
$1,550
$1,990
$2,470
$2,730
FY 2025
$1,400
$1,400
$1,810
$2,210
$2,430
FY 2024
$1,250
$1,260
$1,620
$1,960
$2,160
FY 2023
$1,200
$1,240
$1,600
$1,950
$2,150
Two-bedroom rent in nearby Worcester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 01508?
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 01508 in?
ZIP 01508 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 01508 for FY 2027?
The two-bedroom FMR fell 0.5%, from $1,990 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 23.8%.
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