01831

ZIPSAFMR

Essex County, MA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,750	$1,850	8.8%
1 BR	$1,890	$2,080	6.8%
2 BR	$2,470	$2,620	7.3%
3 BR	$2,940	$2,670	6.6%
4 BR	$3,250	$2,950	6.9%
5 BR	$3,737	Not available	6.9%
6 BR	$4,298	Not available	6.9%
7 BR	$4,943	Not available	6.9%
8 BR	$5,684	Not available	6.9%

Purchase Price Calculator

Maximum purchase price

$327,414

Cost breakdown

+Likely effective rent$2,620

HUD FMR$2,470

Market rent$2,700

Est. payment standard (106%)Used$2,620

-Principal and interest-$1,656

Loan amount$261,932

Down payment$65,483

Rate6.50%

Term30 years

-Operating costs-$764

Property taxes-$327

Insurance-$175

Utilities$0

HOA$0

Management-$262

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$41,759(63.8% ROI)

Projected value

$352,590

Return breakdown

Property appreciation+$25,175

Loan principal paid down+$9,384

Rental cash flow+$7,200

5-year hold

+$71,760(109.6% ROI)

Projected value

$370,439

Return breakdown

Property appreciation+$43,025

Loan principal paid down+$16,735

Rental cash flow+$12,000

10-year hold

+$155,580(237.6% ROI)

Projected value

$419,118

Return breakdown

Property appreciation+$91,704

Loan principal paid down+$39,876

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.92ratio

FMR$1,750

Market$1,900

vs market-$150

FMR is near market; voucher and private rents are aligned.

0.92

1 BR

0.86ratio

FMR$1,890

Market$2,210

vs market-$320

FMR is below market; voucher rent may lag private rents.

0.86

2 BR

0.91ratio

FMR$2,470

Market$2,700

vs market-$230

FMR is near market; voucher and private rents are aligned.

0.91

3 BR

1.10ratio

FMR$2,940

Market$2,670

vs market+$270

FMR is above market; underwrite to market rent.

1.10

4 BR

1.10ratio

FMR$3,250

Market$2,950

vs market+$300

FMR is above market; underwrite to market rent.

1.10

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: --

ZIP 01831 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01831 (Haverhill, MA) is $2,470 a month. That is up 4.2% from $2,370 in FY 2026. Haverhill 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 56 ZIP codes in Essex County, 01831 is tied for the 45th-highest two-bedroom rent (county range $2,080–$3,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01831 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01831
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,630	$1,750	+7.4%	$1,575–$1,925
1BR	$1,810	$1,890	+4.4%	$1,701–$2,079
2BR	$2,370	$2,470	+4.2%	$2,223–$2,717
3BR	$2,840	$2,940	+3.5%	$2,646–$3,234
4BR	$3,140	$3,250	+3.5%	$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01831
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,750	$1,890	$2,470	$2,940	$3,250
FY 2026	$1,630	$1,810	$2,370	$2,840	$3,140
FY 2025	$1,410	$1,560	$2,050	$2,470	$2,720
FY 2024	$1,360	$1,550	$2,000	$2,430	$2,660
FY 2023	$1,240	$1,430	$1,850	$2,250	$2,490

Two-bedroom rent in nearby Essex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 01831
01826	$2,390	−3.2%
01830	$2,320	−6.1%
01831Current	$2,470	—
01832	$2,300	−6.9%
01833	$3,010	+21.9%
01834	$2,080	−15.8%
01835	$2,410	−2.4%
01840	$2,120	−14.2%
01841	$2,170	−12.1%
01842	$2,470	0.0%
01843	$2,490	+0.8%
01844	$2,450	−0.8%

Questions about ZIP 01831 rents

How much will Section 8 pay for a two-bedroom in ZIP 01831?

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 $2,470 it would be $2,223 to $2,717. 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 01831 in?

ZIP 01831 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 01831 for FY 2027?

The two-bedroom FMR rose 4.2%, from $2,370 in FY 2026 to $2,470 in FY 2027. Since FY 2023 it has risen 33.5%.

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 rent Haverhill, MA fair market rent MA statewide rents What is SAFMR?Data sources