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Essex County/Beverly/01915

01915

ZIPSAFMR
Essex County, MA
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$2,270$1,960
1 BR$2,340$2,370
2 BR$2,800$2,910
3 BR$3,340$3,590
4 BR$3,680$3,800
5 BR$4,232Not available
6 BR$4,867Not available
7 BR$5,597Not available
8 BR$6,436Not available

Purchase Price Calculator

Maximum purchase price
$370,508

Cost breakdown

+Likely effective rent$2,910
HUD FMR$2,800
Market rent$2,970
Est. payment standard (104%)Used$2,910
-Principal and interest-$1,873
Loan amount$296,407
Down payment$74,102
Rate6.50%
Term30 years
-Operating costs-$837
Property taxes-$371
Insurance-$175
Utilities$0
HOA$0
Management-$291
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,308(62.5% ROI)
Projected value
$398,997
Return breakdown
Property appreciation+$28,489
Loan principal paid down+$10,620
Rental cash flow+$7,200
5-year hold
+$79,625(107.5% ROI)
Projected value
$419,196
Return breakdown
Property appreciation+$48,688
Loan principal paid down+$18,937
Rental cash flow+$12,000
10-year hold
+$172,898(233.3% ROI)
Projected value
$474,282
Return breakdown
Property appreciation+$103,774
Loan principal paid down+$45,125
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
0.98
2 BR
0.94
3 BR
0.90
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01915 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01915 (Beverly, MA) is $2,800 a month. That is up 4.5% from $2,680 in FY 2026. Beverly is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $3,008. Among 56 ZIP codes in Essex County, 01915 has the 9th-highest two-bedroom rent (county range $2,080–$3,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01915 is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01915
BedroomsFY 2027Change90–110% range
Studio$2,270+5.6%$2,043–$2,497
1BR$2,340+3.5%$2,106–$2,574
2BR$2,800+4.5%$2,520–$3,080
3BR$3,340+4.0%$3,006–$3,674
4BR$3,680+3.7%$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01915
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,270$2,340$2,800$3,340$3,680
FY 2026$2,150$2,260$2,680$3,210$3,550
FY 2025$2,060$2,180$2,580$3,110$3,420
FY 2024$2,000$2,150$2,560$3,100$3,410
FY 2023$1,850$2,010$2,410$2,930$3,240

Two-bedroom rent in nearby Essex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01915
01902$2,650−5.4%
01903$2,650−5.4%
01904$2,650−5.4%
01905$2,650−5.4%
01906$3,010+7.5%
01907$3,080+10.0%
01908$2,650−5.4%
01913$2,650−5.4%
01915Current$2,800—
01921$2,650−5.4%
01922$2,650−5.4%
01923$2,740−2.1%

Questions about ZIP 01915 rents

How much will Section 8 pay for a two-bedroom in ZIP 01915?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,008, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,707 to $3,309 a month; under the ZIP-level Small Area FMR of $2,800 it would be $2,520 to $3,080. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 01915 in?

ZIP 01915 is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,008.

How much did fair market rent change in ZIP 01915 for FY 2027?

The two-bedroom FMR rose 4.5%, from $2,680 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 16.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBeverly, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources