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Essex County/Andover/01812

01812

ZIPFMR
Essex County, MA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$2,440$1,960
1 BR$2,518$2,590
2 BR$3,008$3,150
3 BR$3,584$3,940
4 BR$3,953$4,350
5 BR$4,546Not available
6 BR$5,228Not available
7 BR$6,012Not available
8 BR$6,914Not available

Purchase Price Calculator

Maximum purchase price
$406,172

Cost breakdown

+Likely effective rent$3,150
HUD FMR$3,008
Market rent$3,220
Est. payment standard (105%)Used$3,150
-Principal and interest-$2,054
Loan amount$324,938
Down payment$81,234
Rate6.50%
Term30 years
-Operating costs-$896
Property taxes-$406
Insurance-$175
Utilities$0
HOA$0
Management-$315
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,073(61.6% ROI)
Projected value
$437,403
Return breakdown
Property appreciation+$31,231
Loan principal paid down+$11,642
Rental cash flow+$7,200
5-year hold
+$86,135(106.0% ROI)
Projected value
$459,547
Return breakdown
Property appreciation+$53,374
Loan principal paid down+$20,760
Rental cash flow+$12,000
10-year hold
+$187,231(230.5% ROI)
Projected value
$519,935
Return breakdown
Property appreciation+$113,763
Loan principal paid down+$49,468
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
0.96
2 BR
0.93
3 BR
0.83
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 01812 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 01812 (Andover, MA) is $3,008 a month. That is up 2.3% from $2,941 in FY 2026. Andover is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01812 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01812
BedroomsFY 2027Change90–110% range
Studio$2,440+3.4%$2,196–$2,684
1BR$2,518+1.7%$2,266–$2,770
2BR$3,008+2.3%$2,707–$3,309
3BR$3,584+1.6%$3,226–$3,942
4BR$3,953+1.5%$3,558–$4,348

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01812
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,440$2,518$3,008$3,584$3,953
FY 2026$2,359$2,476$2,941$3,526$3,894
FY 2025$2,263$2,394$2,837$3,418$3,761
FY 2024$2,212$2,377$2,827$3,418$3,765
FY 2023$2,025$2,198$2,635$3,207$3,540

Questions about ZIP 01812 rents

How much will Section 8 pay for a two-bedroom in ZIP 01812?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,008, that basic range is $2,707 to $3,309 a month. 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 01812 in?

ZIP 01812 is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 01812 for FY 2027?

The two-bedroom FMR rose 2.3%, from $2,941 in FY 2026 to $3,008 in FY 2027. Since FY 2023 it has risen 14.2%.

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 Fair Market Rents. 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 rentAndover, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources