01915
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,960
1 BR$2,476$2,380
2 BR$2,941$2,960
3 BR$3,526$3,650
4 BR$3,894$3,870
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,941
Market rent$2,970
Est. payment standard (101%)Used$2,960
Estimated payment standard is $2,960 (101% of FMR).
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Current value$377,938
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Current value$377,938
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Current value$377,938
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
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
1.20ratio
FMR$2,359
Market$1,960
vs market+$399

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.08 ratio110% standard$2,595 / 1.32 ratio
1.20
1 BR
1 BR
1.04ratio
FMR$2,476
Market$2,380
vs market+$96

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

90% standard$2,228 / 0.94 ratio110% standard$2,724 / 1.14 ratio
1.04
2 BR
2 BR
0.99ratio
FMR$2,941
Market$2,970
vs market-$29

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

90% standard$2,647 / 0.89 ratio110% standard$3,235 / 1.09 ratio
0.99
3 BR
3 BR
0.95ratio
FMR$3,526
Market$3,720
vs market-$194

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

90% standard$3,173 / 0.85 ratio110% standard$3,879 / 1.04 ratio
0.95
4 BR
4 BR
1.01ratio
FMR$3,894
Market$3,870
vs market+$24

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

90% standard$3,505 / 0.91 ratio110% standard$4,283 / 1.11 ratio
1.01
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 01915 (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.

01915 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01915 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 01915 FMR, 01915 fair market rent, and 01915 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 01915
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894