Skip to main content
Loading page
Worcester County/Hopkinton/01748

01748

ZIPSAFMR
Worcester County, MA
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,670$2,290
1 BR$2,750$2,550
2 BR$3,290$3,060
3 BR$3,920$3,900
4 BR$4,320$4,430
5 BR$4,968Not available
6 BR$5,713Not available
7 BR$6,570Not available
8 BR$7,556Not available

Purchase Price Calculator

Maximum purchase price
$392,798

Cost breakdown

+Likely effective rent$3,060
HUD FMR$3,290
Market rentUsed$3,060
Est. payment standard (95%)$3,140
-Principal and interest-$1,986
Loan amount$314,239
Down payment$78,560
Rate6.50%
Term30 years
-Operating costs-$874
Property taxes-$393
Insurance-$175
Utilities$0
HOA$0
Management-$306
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,661(61.9% ROI)
Projected value
$423,001
Return breakdown
Property appreciation+$30,203
Loan principal paid down+$11,258
Rental cash flow+$7,200
5-year hold
+$83,694(106.5% ROI)
Projected value
$444,415
Return breakdown
Property appreciation+$51,617
Loan principal paid down+$20,077
Rental cash flow+$12,000
10-year hold
+$181,856(231.5% ROI)
Projected value
$502,815
Return breakdown
Property appreciation+$110,017
Loan principal paid down+$47,839
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.17
1 BR
1.08
2 BR
1.08
3 BR
1.01
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01748 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01748 (Hopkinton, MA) is $3,290 a month. That is up 2.2% from $3,220 in FY 2026. Hopkinton 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, 01748 has the 3rd-highest two-bedroom rent (county range $1,440–$3,400). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01748 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01748
BedroomsFY 2027Change90–110% range
Studio$2,670+3.5%$2,403–$2,937
1BR$2,750+1.5%$2,475–$3,025
2BR$3,290+2.2%$2,961–$3,619
3BR$3,920+1.6%$3,528–$4,312
4BR$4,320+1.4%$3,888–$4,752

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01748
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,670$2,750$3,290$3,920$4,320
FY 2026$2,580$2,710$3,220$3,860$4,260
FY 2025$2,440$2,580$3,060$3,690$4,060
FY 2024$2,400$2,580$3,070$3,710$4,090
FY 2023$2,170$2,350$2,820$3,430$3,790

Two-bedroom rent in nearby Worcester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01748
01613$1,980−39.8%
01653$1,980−39.8%
01655$1,980−39.8%
01740$2,660−19.1%
01745$3,310+0.6%
01747$2,590−21.3%
01748Current$3,290—
01749$2,650−19.5%
01752$2,650−19.5%
01756$2,920−11.2%
01757$2,590−21.3%
01772$3,400+3.3%

Questions about ZIP 01748 rents

How much will Section 8 pay for a two-bedroom in ZIP 01748?

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 $3,290 it would be $2,961 to $3,619. 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 01748 in?

ZIP 01748 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 01748 for FY 2027?

The two-bedroom FMR rose 2.2%, from $3,220 in FY 2026 to $3,290 in FY 2027. Since FY 2023 it has risen 16.7%.

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