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Suffolk County/Boston/02109

02109

ZIPSAFMR
Suffolk County, MA
Zillow

ZIP Investment Score

28Below average

095130300
BRFMR
Eff. Rent
0 BR$3,270$3,230
1 BR$3,370$3,710
2 BR$4,030$4,430
3 BR$4,800$4,880
4 BR$5,290$4,820
5 BR$6,083Not available
6 BR$6,996Not available
7 BR$8,045Not available
8 BR$9,252Not available

Purchase Price Calculator

Maximum purchase price
$596,380

Cost breakdown

+Likely effective rent$4,430
HUD FMR$4,030
Market rent$4,830
Est. payment standard (110%)Used$4,430
-Principal and interest-$3,016
Loan amount$477,104
Down payment$119,276
Rate6.50%
Term30 years
-Operating costs-$1,214
Property taxes-$596
Insurance-$175
Utilities$0
HOA$0
Management-$443
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$70,149(58.8% ROI)
Projected value
$642,236
Return breakdown
Property appreciation+$45,856
Loan principal paid down+$17,093
Rental cash flow+$7,200
5-year hold
+$120,851(101.3% ROI)
Projected value
$674,749
Return breakdown
Property appreciation+$78,369
Loan principal paid down+$30,482
Rental cash flow+$12,000
10-year hold
+$263,670(221.1% ROI)
Projected value
$763,416
Return breakdown
Property appreciation+$167,037
Loan principal paid down+$72,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
0.86
2 BR
0.83
3 BR
0.98
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02109 (Boston, MA) is $4,030 a month. That is down 8.6% from $4,410 in 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, 02109 has the 10th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02109 is 81% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02109
BedroomsFY 2027Change90–110% range
Studio$3,270−7.6%$2,943–$3,597
1BR$3,370−9.2%$3,033–$3,707
2BR$4,030−8.6%$3,627–$4,433
3BR$4,800−9.3%$4,320–$5,280
4BR$5,290−9.4%$4,761–$5,819

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,270$3,370$4,030$4,800$5,290
FY 2026$3,540$3,710$4,410$5,290$5,840
FY 2025$3,400$3,600$4,260$5,130$5,650
FY 2024$3,320$3,570$4,240$5,130$5,650
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. 02109
02108$3,670−8.9%
02109Current$4,030—
02110$4,510+11.9%
02111$3,620−10.2%
02112$3,110−22.8%
02113$3,820−5.2%
02114$4,380+8.7%
02115$3,600−10.7%
02116$4,130+2.5%
02117$3,110−22.8%
02118$3,040−24.6%
02119$2,650−34.2%

Questions about ZIP 02109 rents

How much will Section 8 pay for a two-bedroom in ZIP 02109?

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 $4,030 it would be $3,627 to $4,433. 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 02109 in?

ZIP 02109 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 02109 for FY 2027?

The two-bedroom FMR fell 8.6%, from $4,410 in FY 2026 to $4,030 in FY 2027. Since FY 2023 it has risen 2.0%.

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