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Middlesex County/Cambridge/02142

02142

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$3,320$3,330
1 BR$3,420$3,760
2 BR$4,090$4,500
3 BR$4,870$5,250
4 BR$5,380$5,710
5 BR$6,187Not available
6 BR$7,115Not available
7 BR$8,182Not available
8 BR$9,410Not available

Purchase Price Calculator

Maximum purchase price
$606,782

Cost breakdown

+Likely effective rent$4,500
HUD FMR$4,090
Market rent$5,190
Est. payment standard (110%)Used$4,500
-Principal and interest-$3,068
Loan amount$485,425
Down payment$121,356
Rate6.50%
Term30 years
-Operating costs-$1,232
Property taxes-$607
Insurance-$175
Utilities$0
HOA$0
Management-$450
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$71,247(58.7% ROI)
Projected value
$653,437
Return breakdown
Property appreciation+$46,656
Loan principal paid down+$17,392
Rental cash flow+$7,200
5-year hold
+$122,750(101.1% ROI)
Projected value
$686,518
Return breakdown
Property appreciation+$79,736
Loan principal paid down+$31,014
Rental cash flow+$12,000
10-year hold
+$267,851(220.7% ROI)
Projected value
$776,732
Return breakdown
Property appreciation+$169,950
Loan principal paid down+$73,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
0.82
2 BR
0.79
3 BR
0.89
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 02142 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02142 (Cambridge, MA) is $4,090 a month. That is up 2.0% from $4,010 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, 02142 is tied for the 7th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02142 is 84% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02142
BedroomsFY 2027Change90–110% range
Studio$3,320+3.1%$2,988–$3,652
1BR$3,420+1.2%$3,078–$3,762
2BR$4,090+2.0%$3,681–$4,499
3BR$4,870+1.2%$4,383–$5,357
4BR$5,380+1.3%$4,842–$5,918

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02142
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,320$3,420$4,090$4,870$5,380
FY 2026$3,220$3,380$4,010$4,810$5,310
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 Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02142
02129$3,620−11.5%
02138$4,310+5.4%
02139$4,0900.0%
02140$3,800−7.1%
02141$3,970−2.9%
02142Current$4,090—
02143$3,630−11.2%
02144$3,750−8.3%
02145$3,470−15.2%
02148$3,170−22.5%
02149$2,920−28.6%
02150$2,800−31.5%

Questions about ZIP 02142 rents

How much will Section 8 pay for a two-bedroom in ZIP 02142?

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 $4,090 it would be $3,681 to $4,499. 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 02142 in?

ZIP 02142 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 02142 for FY 2027?

The two-bedroom FMR rose 2.0%, from $4,010 in FY 2026 to $4,090 in FY 2027. Since FY 2023 it has risen 3.5%.

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