FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR
0.71ratio
FMR$3,240
Market$4,560
vs market-$1,320
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR
0.66ratio
FMR$3,880
Market$5,860
vs market-$1,980
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR
0.76ratio
FMR$4,620
Market$6,080
vs market-$1,460
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR
1.20ratio
FMR$5,090
Market$4,240
vs market+$850
FMR is above market; underwrite to market rent.
1.20
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 02133 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02133 (Boston, MA) is $3,880 a month. That is down 0.3% from $3,890 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, 02133 has the 11th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02133 is 75% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02133
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,110
$3,150
+1.3%
$2,835–$3,465
1BR
$3,270
$3,240
−0.9%
$2,916–$3,564
2BR
$3,890
$3,880
−0.3%
$3,492–$4,268
3BR
$4,660
$4,620
−0.9%
$4,158–$5,082
4BR
$5,140
$5,090
−1.0%
$4,581–$5,599
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02133
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,150
$3,240
$3,880
$4,620
$5,090
FY 2026
$3,110
$3,270
$3,890
$4,660
$5,140
FY 2025
$2,350
$2,480
$2,940
$3,540
$3,900
FY 2024
$2,290
$2,460
$2,930
$3,540
$3,900
FY 2023
$2,110
$2,290
$2,740
$3,330
$3,680
Two-bedroom rent in nearby Suffolk County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02133?
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 $3,880 it would be $3,492 to $4,268. 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 02133 in?
ZIP 02133 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 02133 for FY 2027?
The two-bedroom FMR fell 0.3%, from $3,890 in FY 2026 to $3,880 in FY 2027. Since FY 2023 it has risen 41.6%.
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