01923
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,940
1 BR$2,476$2,340
2 BR$2,941$3,060
3 BR$3,526$3,460
4 BR$3,894$3,860
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$392,798

Cost breakdown

+Likely effective rent$3,060
HUD FMR$2,941
Market rent$3,120
Est. payment standard (104%)Used$3,060
Estimated payment standard is $3,060 (104% of FMR).
-Principal and interest-$1,986
Loan amount$314,239
Down payment$78,560
Rate6.50%
Term30 years
-Operating costs-$874
Property taxes-$393
Insurance-$175
Utilities$0
HOA$0
Management-$306
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,661(61.9% ROI)
Projected value
$423,001
Current value$392,798
Return breakdown
Property appreciation+$30,203
Loan principal paid down+$11,258
Rental cash flow+$7,200
5-year hold
+$83,694(106.5% ROI)
Projected value
$444,415
Current value$392,798
Return breakdown
Property appreciation+$51,617
Loan principal paid down+$20,077
Rental cash flow+$12,000
10-year hold
+$181,856(231.5% ROI)
Projected value
$502,815
Current value$392,798
Return breakdown
Property appreciation+$110,017
Loan principal paid down+$47,839
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$1,940
vs market+$419

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.09 ratio110% standard$2,595 / 1.34 ratio
1.22
1 BR
1 BR
1.06ratio
FMR$2,476
Market$2,340
vs market+$136

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

90% standard$2,228 / 0.95 ratio110% standard$2,724 / 1.16 ratio
1.06
2 BR
2 BR
0.94ratio
FMR$2,941
Market$3,120
vs market-$179

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

90% standard$2,647 / 0.85 ratio110% standard$3,235 / 1.04 ratio
0.94
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
1.01ratio
FMR$3,894
Market$3,860
vs market+$34

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 01923 (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.

01923 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 01923 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 01923 FMR, 01923 fair market rent, and 01923 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 01923
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894