01905
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$2,030
1 BR$2,476$1,990
2 BR$2,941$2,540
3 BR$3,526$3,180
4 BR$3,894$3,520
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,941
Market rentUsed$2,540
Est. payment standard (91%)$2,680
Market rent is below the inferred standard ($2,680, 91% of FMR).
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Current value$315,526
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Current value$315,526
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Current value$315,526
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
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
1.16ratio
FMR$2,359
Market$2,030
vs market+$329

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.05 ratio110% standard$2,595 / 1.28 ratio
1.16
1 BR
1 BR
1.24ratio
FMR$2,476
Market$1,990
vs market+$486

FMR is above market; underwrite to market rent.

90% standard$2,228 / 1.12 ratio110% standard$2,724 / 1.37 ratio
1.24
2 BR
2 BR
1.16ratio
FMR$2,941
Market$2,540
vs market+$401

FMR is above market; underwrite to market rent.

90% standard$2,647 / 1.04 ratio110% standard$3,235 / 1.27 ratio
1.16
3 BR
3 BR
1.11ratio
FMR$3,526
Market$3,180
vs market+$346

FMR is above market; underwrite to market rent.

90% standard$3,173 / 1.00 ratio110% standard$3,879 / 1.22 ratio
1.11
4 BR
4 BR
1.11ratio
FMR$3,894
Market$3,520
vs market+$374

FMR is above market; underwrite to market rent.

90% standard$3,505 / 1.00 ratio110% standard$4,283 / 1.22 ratio
1.11
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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 01905 (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.

01905 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01905 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 01905 FMR, 01905 fair market rent, and 01905 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 01905
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894