01885
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$2,370
1 BR$2,476$2,520
2 BR$2,941$3,040
3 BR$3,526$3,590
4 BR$3,894$4,190
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$389,826

Cost breakdown

+Likely effective rent$3,040
HUD FMR$2,941
Market rent$3,100
Est. payment standard (104%)Used$3,040
Estimated payment standard is $3,040 (104% of FMR).
-Principal and interest-$1,971
Loan amount$311,861
Down payment$77,965
Rate6.50%
Term30 years
-Operating costs-$869
Property taxes-$390
Insurance-$175
Utilities$0
HOA$0
Management-$304
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,347(62.0% ROI)
Projected value
$419,800
Current value$389,826
Return breakdown
Property appreciation+$29,974
Loan principal paid down+$11,173
Rental cash flow+$7,200
5-year hold
+$83,151(106.7% ROI)
Projected value
$441,053
Current value$389,826
Return breakdown
Property appreciation+$51,226
Loan principal paid down+$19,925
Rental cash flow+$12,000
10-year hold
+$180,662(231.7% ROI)
Projected value
$499,011
Current value$389,826
Return breakdown
Property appreciation+$109,184
Loan principal paid down+$47,477
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.00ratio
FMR$2,359
Market$2,370
vs market-$11

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

90% standard$2,123 / 0.90 ratio110% standard$2,595 / 1.09 ratio
1.00
1 BR
1 BR
0.97ratio
FMR$2,476
Market$2,550
vs market-$74

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

90% standard$2,228 / 0.87 ratio110% standard$2,724 / 1.07 ratio
0.97
2 BR
2 BR
0.95ratio
FMR$2,941
Market$3,100
vs market-$159

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

90% standard$2,647 / 0.85 ratio110% standard$3,235 / 1.04 ratio
0.95
3 BR
3 BR
0.97ratio
FMR$3,526
Market$3,630
vs market-$104

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

90% standard$3,173 / 0.87 ratio110% standard$3,879 / 1.07 ratio
0.97
4 BR
4 BR
0.90ratio
FMR$3,894
Market$4,350
vs market-$456

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

90% standard$3,505 / 0.81 ratio110% standard$4,283 / 0.98 ratio
0.90
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 01885 (MA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

01885 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01885 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,941 and the 4 bedroom fair market rent is $3,894.

Use this page for searches like 01885 FMR, 01885 fair market rent, and 01885 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 01885
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894