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Middlesex County/Lowell/01851

01851

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,700$1,690
1 BR$1,870$1,880
2 BR$2,440$2,290
3 BR$2,950$2,750
4 BR$3,210$3,000
5 BR$3,691Not available
6 BR$4,245Not available
7 BR$4,882Not available
8 BR$5,614Not available

Purchase Price Calculator

Maximum purchase price
$278,377

Cost breakdown

+Likely effective rent$2,290
HUD FMR$2,440
Market rentUsed$2,290
Est. payment standard (96%)$2,340
-Principal and interest-$1,408
Loan amount$222,701
Down payment$55,675
Rate6.50%
Term30 years
-Operating costs-$682
Property taxes-$278
Insurance-$175
Utilities$0
HOA$0
Management-$229
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,583(65.7% ROI)
Projected value
$299,781
Return breakdown
Property appreciation+$21,405
Loan principal paid down+$7,979
Rental cash flow+$7,200
5-year hold
+$62,809(112.8% ROI)
Projected value
$314,958
Return breakdown
Property appreciation+$36,581
Loan principal paid down+$14,228
Rental cash flow+$12,000
10-year hold
+$135,873(244.0% ROI)
Projected value
$356,346
Return breakdown
Property appreciation+$77,969
Loan principal paid down+$33,904
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
0.99
2 BR
1.07
3 BR
1.07
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01851 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01851 (Lowell, MA) is $2,440 a month. That is up 7.5% from $2,270 in FY 2026. Lowell 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, 01851 has the 101st-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01851 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01851
BedroomsFY 2027Change90–110% range
Studio$1,700+8.3%$1,530–$1,870
1BR$1,870+8.1%$1,683–$2,057
2BR$2,440+7.5%$2,196–$2,684
3BR$2,950+8.5%$2,655–$3,245
4BR$3,210+6.6%$2,889–$3,531

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01851
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,700$1,870$2,440$2,950$3,210
FY 2026$1,570$1,730$2,270$2,720$3,010
FY 2025$1,440$1,600$2,100$2,530$2,780
FY 2024$1,310$1,450$1,910$2,310$2,540
FY 2023$1,290$1,430$1,880$2,290$2,530

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01851
01827$2,360−3.3%
01850$2,240−8.2%
01851Current$2,440—
01852$2,280−6.6%
01853$2,980+22.1%
01854$2,290−6.1%
01862$2,580+5.7%
01863$2,340−4.1%
01864$3,160+29.5%
01865$2,980+22.1%
01866$2,980+22.1%
01867$2,790+14.3%

Questions about ZIP 01851 rents

How much will Section 8 pay for a two-bedroom in ZIP 01851?

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 $2,440 it would be $2,196 to $2,684. 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 01851 in?

ZIP 01851 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 01851 for FY 2027?

The two-bedroom FMR rose 7.5%, from $2,270 in FY 2026 to $2,440 in FY 2027. Since FY 2023 it has risen 29.8%.

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