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Middlesex County/Somerville/02145

02145

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$2,810$1,980
1 BR$2,900$2,450
2 BR$3,470$3,270
3 BR$4,130$3,290
4 BR$4,560$4,710
5 BR$5,244Not available
6 BR$6,031Not available
7 BR$6,935Not available
8 BR$7,975Not available

Purchase Price Calculator

Maximum purchase price
$424,004

Cost breakdown

+Likely effective rent$3,270
HUD FMR$3,470
Market rentUsed$3,270
Est. payment standard (96%)$3,340
-Principal and interest-$2,144
Loan amount$339,203
Down payment$84,801
Rate6.50%
Term30 years
-Operating costs-$926
Property taxes-$424
Insurance-$175
Utilities$0
HOA$0
Management-$327
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,955(61.3% ROI)
Projected value
$456,606
Return breakdown
Property appreciation+$32,602
Loan principal paid down+$12,153
Rental cash flow+$7,200
5-year hold
+$89,389(105.4% ROI)
Projected value
$479,722
Return breakdown
Property appreciation+$55,718
Loan principal paid down+$21,672
Rental cash flow+$12,000
10-year hold
+$194,397(229.2% ROI)
Projected value
$542,761
Return breakdown
Property appreciation+$118,757
Loan principal paid down+$51,640
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.42
1 BR
1.18
2 BR
1.06
3 BR
1.26
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 02145 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02145 (Somerville, MA) is $3,470 a month. That is up 3.6% from $3,350 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, 02145 has the 21st-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02145 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02145
BedroomsFY 2027Change90–110% range
Studio$2,810+4.5%$2,529–$3,091
1BR$2,900+2.8%$2,610–$3,190
2BR$3,470+3.6%$3,123–$3,817
3BR$4,130+2.7%$3,717–$4,543
4BR$4,560+2.7%$4,104–$5,016

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02145
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,810$2,900$3,470$4,130$4,560
FY 2026$2,690$2,820$3,350$4,020$4,440
FY 2025$2,540$2,690$3,190$3,840$4,230
FY 2024$2,470$2,660$3,160$3,820$4,210
FY 2023$2,260$2,450$2,940$3,580$3,950

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02145
02138$4,310+24.2%
02139$4,090+17.9%
02140$3,800+9.5%
02141$3,970+14.4%
02142$4,090+17.9%
02143$3,630+4.6%
02144$3,750+8.1%
02145Current$3,470—
02148$3,170−8.6%
02149$2,920−15.9%
02150$2,800−19.3%
02155$3,330−4.0%

Questions about ZIP 02145 rents

How much will Section 8 pay for a two-bedroom in ZIP 02145?

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 $3,470 it would be $3,123 to $3,817. 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 02145 in?

ZIP 02145 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 02145 for FY 2027?

The two-bedroom FMR rose 3.6%, from $3,350 in FY 2026 to $3,470 in FY 2027. Since FY 2023 it has risen 18.0%.

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