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Middlesex County/Somerville/02143

02143

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$2,940$2,580
1 BR$3,040$2,740
2 BR$3,630$3,340
3 BR$4,330$3,980
4 BR$4,770$4,560
5 BR$5,486Not available
6 BR$6,308Not available
7 BR$7,255Not available
8 BR$8,343Not available

Purchase Price Calculator

Maximum purchase price
$434,406

Cost breakdown

+Likely effective rent$3,340
HUD FMR$3,630
Market rentUsed$3,340
Est. payment standard (95%)$3,440
-Principal and interest-$2,197
Loan amount$347,525
Down payment$86,881
Rate6.50%
Term30 years
-Operating costs-$943
Property taxes-$434
Insurance-$175
Utilities$0
HOA$0
Management-$334
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,053(61.1% ROI)
Projected value
$467,808
Return breakdown
Property appreciation+$33,402
Loan principal paid down+$12,451
Rental cash flow+$7,200
5-year hold
+$91,288(105.1% ROI)
Projected value
$491,491
Return breakdown
Property appreciation+$57,085
Loan principal paid down+$22,203
Rental cash flow+$12,000
10-year hold
+$198,577(228.6% ROI)
Projected value
$556,077
Return breakdown
Property appreciation+$121,670
Loan principal paid down+$52,907
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.11
2 BR
1.09
3 BR
1.09
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02143 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02143 (Somerville, MA) is $3,630 a month. That is up 4.6% from $3,470 in FY 2026. Somerville 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, 02143 has the 16th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02143 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02143
BedroomsFY 2027Change90–110% range
Studio$2,940+5.8%$2,646–$3,234
1BR$3,040+4.1%$2,736–$3,344
2BR$3,630+4.6%$3,267–$3,993
3BR$4,330+4.1%$3,897–$4,763
4BR$4,770+3.9%$4,293–$5,247

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02143
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,940$3,040$3,630$4,330$4,770
FY 2026$2,780$2,920$3,470$4,160$4,590
FY 2025$2,580$2,730$3,240$3,900$4,300
FY 2024$2,500$2,680$3,190$3,860$4,250
FY 2023$2,340$2,540$3,040$3,700$4,080

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02143
02138$4,310+18.7%
02139$4,090+12.7%
02140$3,800+4.7%
02141$3,970+9.4%
02142$4,090+12.7%
02143Current$3,630—
02144$3,750+3.3%
02145$3,470−4.4%
02148$3,170−12.7%
02149$2,920−19.6%
02150$2,800−22.9%
02155$3,330−8.3%

Questions about ZIP 02143 rents

How much will Section 8 pay for a two-bedroom in ZIP 02143?

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 $3,630 it would be $3,267 to $3,993. 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 02143 in?

ZIP 02143 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 02143 for FY 2027?

The two-bedroom FMR rose 4.6%, from $3,470 in FY 2026 to $3,630 in FY 2027. Since FY 2023 it has risen 19.4%.

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