01904
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,870
1 BR$2,476$2,290
2 BR$2,941$2,810
3 BR$3,526$3,540
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
$355,648

Cost breakdown

+Likely effective rent$2,810
HUD FMR$2,941
Market rentUsed$2,810
Est. payment standard (97%)$2,860
Market rent is below the inferred standard ($2,860, 97% of FMR).
-Principal and interest-$1,798
Loan amount$284,519
Down payment$71,130
Rate6.50%
Term30 years
-Operating costs-$812
Property taxes-$356
Insurance-$175
Utilities$0
HOA$0
Management-$281
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,740(62.9% ROI)
Projected value
$382,994
Current value$355,648
Return breakdown
Property appreciation+$27,346
Loan principal paid down+$10,194
Rental cash flow+$7,200
5-year hold
+$76,913(108.1% ROI)
Projected value
$402,383
Current value$355,648
Return breakdown
Property appreciation+$46,735
Loan principal paid down+$18,178
Rental cash flow+$12,000
10-year hold
+$166,926(234.7% ROI)
Projected value
$455,260
Current value$355,648
Return breakdown
Property appreciation+$99,612
Loan principal paid down+$43,315
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
1.26ratio
FMR$2,359
Market$1,870
vs market+$489

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.14 ratio110% standard$2,595 / 1.39 ratio
1.26
1 BR
1 BR
1.08ratio
FMR$2,476
Market$2,290
vs market+$186

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

90% standard$2,228 / 0.97 ratio110% standard$2,724 / 1.19 ratio
1.08
2 BR
2 BR
1.05ratio
FMR$2,941
Market$2,810
vs market+$131

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

90% standard$2,647 / 0.94 ratio110% standard$3,235 / 1.15 ratio
1.05
3 BR
3 BR
1.00ratio
FMR$3,526
Market$3,540
vs market-$14

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

90% standard$3,173 / 0.90 ratio110% standard$3,879 / 1.10 ratio
1.00
4 BR
4 BR
0.97ratio
FMR$3,894
Market$4,030
vs market-$136

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

90% standard$3,505 / 0.87 ratio110% standard$4,283 / 1.06 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 01904 (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.

01904 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01904 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 01904 FMR, 01904 fair market rent, and 01904 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 01904
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894