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Suffolk County/South Boston/02127

02127

ZIPSAFMR
Suffolk County, MA
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$3,370$2,870
1 BR$3,480$3,390
2 BR$4,160$4,280
3 BR$4,960$4,310
4 BR$5,470$5,830
5 BR$6,290Not available
6 BR$7,234Not available
7 BR$8,319Not available
8 BR$9,567Not available

Purchase Price Calculator

Maximum purchase price
$574,090

Cost breakdown

+Likely effective rent$4,280
HUD FMR$4,160
Market rent$4,350
Est. payment standard (103%)Used$4,280
-Principal and interest-$2,903
Loan amount$459,272
Down payment$114,818
Rate6.50%
Term30 years
-Operating costs-$1,177
Property taxes-$574
Insurance-$175
Utilities$0
HOA$0
Management-$428
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$67,797(59.0% ROI)
Projected value
$618,232
Return breakdown
Property appreciation+$44,142
Loan principal paid down+$16,455
Rental cash flow+$7,200
5-year hold
+$116,783(101.7% ROI)
Projected value
$649,530
Return breakdown
Property appreciation+$75,440
Loan principal paid down+$29,343
Rental cash flow+$12,000
10-year hold
+$254,713(221.8% ROI)
Projected value
$734,883
Return breakdown
Property appreciation+$160,794
Loan principal paid down+$69,919
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.03
2 BR
0.96
3 BR
1.15
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02127 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02127 (South Boston, MA) is $4,160 a month. That is up 9.8% from $3,790 in FY 2026. South 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, 02127 has the 7th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02127 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02127
BedroomsFY 2027Change90–110% range
Studio$3,370+10.9%$3,033–$3,707
1BR$3,480+9.1%$3,132–$3,828
2BR$4,160+9.8%$3,744–$4,576
3BR$4,960+9.3%$4,464–$5,456
4BR$5,470+9.0%$4,923–$6,017

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02127
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,370$3,480$4,160$4,960$5,470
FY 2026$3,040$3,190$3,790$4,540$5,020
FY 2025$2,700$2,860$3,390$4,080$4,490
FY 2024$2,540$2,730$3,250$3,930$4,330
FY 2023$2,370$2,570$3,080$3,750$4,140

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02127
02121$2,650−36.3%
02122$2,940−29.3%
02123$3,110−25.2%
02124$2,650−36.3%
02125$2,650−36.3%
02126$2,650−36.3%
02127Current$4,160—
02128$2,900−30.3%
02129$3,620−13.0%
02130$3,570−14.2%
02131$2,960−28.8%
02132$2,940−29.3%

Questions about ZIP 02127 rents

How much will Section 8 pay for a two-bedroom in ZIP 02127?

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 $4,160 it would be $3,744 to $4,576. 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 02127 in?

ZIP 02127 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 02127 for FY 2027?

The two-bedroom FMR rose 9.8%, from $3,790 in FY 2026 to $4,160 in FY 2027. Since FY 2023 it has risen 35.1%.

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