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Middlesex County/Framingham/01702

01702

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$2,280$2,190
1 BR$2,350$2,590
2 BR$2,810$3,090
3 BR$3,350$3,380
4 BR$3,690$3,600
5 BR$4,244Not available
6 BR$4,880Not available
7 BR$5,612Not available
8 BR$6,454Not available

Purchase Price Calculator

Maximum purchase price
$397,256

Cost breakdown

+Likely effective rent$3,090
HUD FMR$2,810
Market rent$3,250
Est. payment standard (110%)Used$3,090
-Principal and interest-$2,009
Loan amount$317,805
Down payment$79,451
Rate6.50%
Term30 years
-Operating costs-$881
Property taxes-$397
Insurance-$175
Utilities$0
HOA$0
Management-$309
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,131(61.8% ROI)
Projected value
$427,802
Return breakdown
Property appreciation+$30,545
Loan principal paid down+$11,386
Rental cash flow+$7,200
5-year hold
+$84,507(106.4% ROI)
Projected value
$449,459
Return breakdown
Property appreciation+$52,203
Loan principal paid down+$20,305
Rental cash flow+$12,000
10-year hold
+$183,648(231.1% ROI)
Projected value
$508,522
Return breakdown
Property appreciation+$111,265
Loan principal paid down+$48,382
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
0.86
2 BR
0.86
3 BR
0.99
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01702 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01702 (Framingham, MA) is $2,810 a month. That is up 6.0% from $2,650 in FY 2026. Framingham 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, 01702 is tied for the 74th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01702 is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01702
BedroomsFY 2027Change90–110% range
Studio$2,280+7.0%$2,052–$2,508
1BR$2,350+5.4%$2,115–$2,585
2BR$2,810+6.0%$2,529–$3,091
3BR$3,350+5.3%$3,015–$3,685
4BR$3,690+5.1%$3,321–$4,059

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01702
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,280$2,350$2,810$3,350$3,690
FY 2026$2,130$2,230$2,650$3,180$3,510
FY 2025$2,000$2,140$2,550$3,080$3,390
FY 2024$1,990$2,140$2,540$3,070$3,380
FY 2023$1,870$2,030$2,430$2,960$3,260

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01702
01701$2,820+0.4%
01702Current$2,810—
01703$3,050+8.5%
01704$3,050+8.5%
01718$2,660−5.3%
01719$2,650−5.7%
01720$2,660−5.3%
01721$3,340+18.9%
01730$3,440+22.4%
01731$4,510+60.5%
01741$3,070+9.3%
01742$3,520+25.3%

Questions about ZIP 01702 rents

How much will Section 8 pay for a two-bedroom in ZIP 01702?

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 $2,810 it would be $2,529 to $3,091. 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 01702 in?

ZIP 01702 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 01702 for FY 2027?

The two-bedroom FMR rose 6.0%, from $2,650 in FY 2026 to $2,810 in FY 2027. Since FY 2023 it has risen 15.6%.

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