01902
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,930
1 BR$2,476$2,170
2 BR$2,941$2,720
3 BR$3,526$3,460
4 BR$3,894$3,980
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$342,274

Cost breakdown

+Likely effective rent$2,720
HUD FMR$2,941
Market rentUsed$2,720
Est. payment standard (95%)$2,800
Market rent is below the inferred standard ($2,800, 95% of FMR).
-Principal and interest-$1,731
Loan amount$273,820
Down payment$68,455
Rate6.50%
Term30 years
-Operating costs-$789
Property taxes-$342
Insurance-$175
Utilities$0
HOA$0
Management-$272
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,328(63.3% ROI)
Projected value
$368,592
Current value$342,274
Return breakdown
Property appreciation+$26,318
Loan principal paid down+$9,810
Rental cash flow+$7,200
5-year hold
+$74,472(108.8% ROI)
Projected value
$387,252
Current value$342,274
Return breakdown
Property appreciation+$44,978
Loan principal paid down+$17,494
Rental cash flow+$12,000
10-year hold
+$161,552(236.0% ROI)
Projected value
$438,140
Current value$342,274
Return breakdown
Property appreciation+$95,866
Loan principal paid down+$41,686
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
1.22ratio
FMR$2,359
Market$1,930
vs market+$429

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.10 ratio110% standard$2,595 / 1.34 ratio
1.22
1 BR
1 BR
1.14ratio
FMR$2,476
Market$2,170
vs market+$306

FMR is above market; underwrite to market rent.

90% standard$2,228 / 1.03 ratio110% standard$2,724 / 1.26 ratio
1.14
2 BR
2 BR
1.08ratio
FMR$2,941
Market$2,720
vs market+$221

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

90% standard$2,647 / 0.97 ratio110% standard$3,235 / 1.19 ratio
1.08
3 BR
3 BR
1.02ratio
FMR$3,526
Market$3,460
vs market+$66

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

90% standard$3,173 / 0.92 ratio110% standard$3,879 / 1.12 ratio
1.02
4 BR
4 BR
0.97ratio
FMR$3,894
Market$4,020
vs market-$126

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

90% standard$3,505 / 0.87 ratio110% standard$4,283 / 1.07 ratio
0.97
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 01902 (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.

01902 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01902 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 01902 FMR, 01902 fair market rent, and 01902 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 01902
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894