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Worcester County/Rutland/01543

01543

ZIPSAFMR
Worcester County, MA
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,430$1,570
1 BR$1,440$1,580
2 BR$1,860$2,050
3 BR$2,300$2,530
4 BR$2,550$2,810
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$242,713

Cost breakdown

+Likely effective rent$2,050
HUD FMR$1,860
Market rent$2,460
Est. payment standard (110%)Used$2,050
-Principal and interest-$1,227
Loan amount$194,170
Down payment$48,543
Rate6.50%
Term30 years
-Operating costs-$623
Property taxes-$243
Insurance-$175
Utilities$0
HOA$0
Management-$205
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,819(67.6% ROI)
Projected value
$261,375
Return breakdown
Property appreciation+$18,662
Loan principal paid down+$6,957
Rental cash flow+$7,200
5-year hold
+$56,300(116.0% ROI)
Projected value
$274,607
Return breakdown
Property appreciation+$31,894
Loan principal paid down+$12,406
Rental cash flow+$12,000
10-year hold
+$121,540(250.4% ROI)
Projected value
$310,693
Return breakdown
Property appreciation+$67,980
Loan principal paid down+$29,560
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.76
2 BR
0.76
3 BR
0.76
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01543 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01543 (Rutland, MA) is $1,860 a month. That is up 11.4% from $1,670 in FY 2026. Rutland 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, 01543 is tied for the 69th-highest two-bedroom rent (county range $1,440–$3,400). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01543 is 16% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01543
BedroomsFY 2027Change90–110% range
Studio$1,430+10.9%$1,287–$1,573
1BR$1,440+10.8%$1,296–$1,584
2BR$1,860+11.4%$1,674–$2,046
3BR$2,300+12.7%$2,070–$2,530
4BR$2,550+13.3%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01543
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,430$1,440$1,860$2,300$2,550
FY 2026$1,290$1,300$1,670$2,040$2,250
FY 2025$1,220$1,230$1,580$1,930$2,120
FY 2024$1,160$1,170$1,500$1,810$2,000
FY 2023$1,120$1,160$1,490$1,810$2,000

Two-bedroom rent in nearby Worcester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01543
01534$1,950+4.8%
01535$1,8600.0%
01536$1,950+4.8%
01537$1,8600.0%
01538$1,980+6.5%
01540$1,8600.0%
01541$2,090+12.4%
01542$2,040+9.7%
01543Current$1,860—
01545$2,780+49.5%
01546$1,980+6.5%
01550$1,8600.0%

Questions about ZIP 01543 rents

How much will Section 8 pay for a two-bedroom in ZIP 01543?

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 $1,860 it would be $1,674 to $2,046. 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 01543 in?

ZIP 01543 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 01543 for FY 2027?

The two-bedroom FMR rose 11.4%, from $1,670 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 24.8%.

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

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