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Suffolk County/Boston/02108

02108

ZIPSAFMR
Suffolk County, MA
Zillow

ZIP Investment Score

12Below average

095130300
BRFMR
Eff. Rent
0 BR$2,980$2,640
1 BR$3,070$3,250
2 BR$3,670$4,040
3 BR$4,370$4,810
4 BR$4,820$3,740
5 BR$5,543Not available
6 BR$6,374Not available
7 BR$7,331Not available
8 BR$8,430Not available

Purchase Price Calculator

Maximum purchase price
$538,426

Cost breakdown

+Likely effective rent$4,040
HUD FMR$3,670
Market rent$4,470
Est. payment standard (110%)Used$4,040
-Principal and interest-$2,723
Loan amount$430,741
Down payment$107,685
Rate6.50%
Term30 years
-Operating costs-$1,117
Property taxes-$538
Insurance-$175
Utilities$0
HOA$0
Management-$404
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,032(59.5% ROI)
Projected value
$579,826
Return breakdown
Property appreciation+$41,400
Loan principal paid down+$15,432
Rental cash flow+$7,200
5-year hold
+$110,274(102.4% ROI)
Projected value
$609,179
Return breakdown
Property appreciation+$70,754
Loan principal paid down+$27,520
Rental cash flow+$12,000
10-year hold
+$240,380(223.2% ROI)
Projected value
$689,231
Return breakdown
Property appreciation+$150,805
Loan principal paid down+$65,575
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
0.92
2 BR
0.82
3 BR
0.85
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02108 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02108 (Boston, MA) is $3,670 a month. That is unchanged from FY 2026. Boston 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 53 ZIP codes in Suffolk County, 02108 has the 15th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02108 is 65% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02108
BedroomsFY 2027Change90–110% range
Studio$2,980+1.4%$2,682–$3,278
1BR$3,070−0.6%$2,763–$3,377
2BR$3,6700.0%$3,303–$4,037
3BR$4,370−0.7%$3,933–$4,807
4BR$4,820−0.8%$4,338–$5,302

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02108
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,980$3,070$3,670$4,370$4,820
FY 2026$2,940$3,090$3,670$4,400$4,860
FY 2025$2,980$3,160$3,740$4,510$4,960
FY 2024$3,110$3,350$3,980$4,810$5,300
FY 2023$3,040$3,300$3,950$4,810$5,310

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02108
02108Current$3,670—
02109$4,030+9.8%
02110$4,510+22.9%
02111$3,620−1.4%
02112$3,110−15.3%
02113$3,820+4.1%
02114$4,380+19.3%
02115$3,600−1.9%
02116$4,130+12.5%
02117$3,110−15.3%
02118$3,040−17.2%
02119$2,650−27.8%

Questions about ZIP 02108 rents

How much will Section 8 pay for a two-bedroom in ZIP 02108?

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 $3,670 it would be $3,303 to $4,037. 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 02108 in?

ZIP 02108 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 02108 for FY 2027?

The two-bedroom FMR was unchanged at $3,670 in FY 2027. Since FY 2023 it has fallen 7.1%.

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