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Middlesex County/Cambridge/02140

02140

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$3,080$2,630
1 BR$3,180$2,850
2 BR$3,800$3,960
3 BR$4,530$4,420
4 BR$4,990$5,160
5 BR$5,739Not available
6 BR$6,599Not available
7 BR$7,589Not available
8 BR$8,728Not available

Purchase Price Calculator

Maximum purchase price
$526,538

Cost breakdown

+Likely effective rent$3,960
HUD FMR$3,800
Market rent$4,050
Est. payment standard (104%)Used$3,960
-Principal and interest-$2,662
Loan amount$421,230
Down payment$105,308
Rate6.50%
Term30 years
-Operating costs-$1,098
Property taxes-$527
Insurance-$175
Utilities$0
HOA$0
Management-$396
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,777(59.6% ROI)
Projected value
$567,024
Return breakdown
Property appreciation+$40,486
Loan principal paid down+$15,092
Rental cash flow+$7,200
5-year hold
+$108,104(102.7% ROI)
Projected value
$595,729
Return breakdown
Property appreciation+$69,191
Loan principal paid down+$26,912
Rental cash flow+$12,000
10-year hold
+$235,603(223.7% ROI)
Projected value
$674,013
Return breakdown
Property appreciation+$147,475
Loan principal paid down+$64,128
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.12
2 BR
0.94
3 BR
1.02
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02140 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02140 (Cambridge, MA) is $3,800 a month. That is up 4.1% from $3,650 in FY 2026. Cambridge 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 107 ZIP codes in Middlesex County, 02140 has the 12th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02140 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02140
BedroomsFY 2027Change90–110% range
Studio$3,080+5.1%$2,772–$3,388
1BR$3,180+3.6%$2,862–$3,498
2BR$3,800+4.1%$3,420–$4,180
3BR$4,530+3.4%$4,077–$4,983
4BR$4,990+3.3%$4,491–$5,489

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02140
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,080$3,180$3,800$4,530$4,990
FY 2026$2,930$3,070$3,650$4,380$4,830
FY 2025$2,800$2,960$3,510$4,230$4,650
FY 2024$2,850$3,060$3,640$4,400$4,850
FY 2023$2,780$3,020$3,620$4,410$4,860

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02140
02129$3,620−4.7%
02138$4,310+13.4%
02139$4,090+7.6%
02140Current$3,800—
02141$3,970+4.5%
02142$4,090+7.6%
02143$3,630−4.5%
02144$3,750−1.3%
02145$3,470−8.7%
02148$3,170−16.6%
02149$2,920−23.2%
02150$2,800−26.3%

Questions about ZIP 02140 rents

How much will Section 8 pay for a two-bedroom in ZIP 02140?

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 $3,800 it would be $3,420 to $4,180. 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 02140 in?

ZIP 02140 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 02140 for FY 2027?

The two-bedroom FMR rose 4.1%, from $3,650 in FY 2026 to $3,800 in FY 2027. Since FY 2023 it has risen 5.0%.

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