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Essex County/Prides Crossing/01965

01965

ZIPSAFMR
Essex County, MA
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$2,250$2,030
1 BR$2,320$2,330
2 BR$2,770$2,910
3 BR$3,310$3,640
4 BR$3,650$4,020
5 BR$4,198Not available
6 BR$4,827Not available
7 BR$5,551Not available
8 BR$6,384Not available

Purchase Price Calculator

Maximum purchase price
$370,508

Cost breakdown

+Likely effective rent$2,910
HUD FMR$2,770
Market rent$2,980
Est. payment standard (105%)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
1.11
1 BR
0.99
2 BR
0.93
3 BR
0.80
4 BR
0.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 01965 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 01965 (Prides Crossing, MA) is $2,770 a month. That is up 4.1% from $2,660 in FY 2026. Prides Crossing 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, 01965 is tied for the 10th-highest two-bedroom rent (county range $2,080–$3,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 01965 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 01965
BedroomsFY 2027Change90–110% range
Studio$2,250+5.6%$2,025–$2,475
1BR$2,320+3.6%$2,088–$2,552
2BR$2,770+4.1%$2,493–$3,047
3BR$3,310+4.1%$2,979–$3,641
4BR$3,650+3.7%$3,285–$4,015

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 01965
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,250$2,320$2,770$3,310$3,650
FY 2026$2,130$2,240$2,660$3,180$3,520
FY 2025$2,000$2,140$2,550$3,080$3,390
FY 2024$1,830$1,980$2,380$2,890$3,190
FY 2023$1,630$1,790$2,160$2,670$2,930

Two-bedroom rent in nearby Essex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 01965
01949$2,650−4.3%
01950$2,650−4.3%
01951$2,740−1.1%
01952$2,650−4.3%
01960$2,650−4.3%
01961$2,650−4.3%
01965Current$2,770—
01966$2,650−4.3%
01969$2,650−4.3%
01970$2,650−4.3%
01971$2,650−4.3%
01982$2,650−4.3%

Questions about ZIP 01965 rents

How much will Section 8 pay for a two-bedroom in ZIP 01965?

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 $2,770 it would be $2,493 to $3,047. 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 01965 in?

ZIP 01965 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 01965 for FY 2027?

The two-bedroom FMR rose 4.1%, from $2,660 in FY 2026 to $2,770 in FY 2027. Since FY 2023 it has risen 28.2%.

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 rentPrides Crossing, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources