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Suffolk County/Revere/02151

02151

ZIPSAFMR
Suffolk County, MA
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$2,210$2,040
1 BR$2,280$2,360
2 BR$2,720$2,710
3 BR$3,240$3,090
4 BR$3,570$3,490
5 BR$4,106Not available
6 BR$4,721Not available
7 BR$5,430Not available
8 BR$6,244Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,720
Market rentUsed$2,710
Est. payment standard (100%)$2,710
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
0.95
2 BR
1.00
3 BR
1.05
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02151 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02151 (Revere, MA) is $2,720 a month. That is up 5.8% from $2,570 in FY 2026. Revere 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, 02151 has the 46th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02151 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02151
BedroomsFY 2027Change90–110% range
Studio$2,210+7.3%$1,989–$2,431
1BR$2,280+5.6%$2,052–$2,508
2BR$2,720+5.8%$2,448–$2,992
3BR$3,240+5.2%$2,916–$3,564
4BR$3,570+5.0%$3,213–$3,927

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02151
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,210$2,280$2,720$3,240$3,570
FY 2026$2,060$2,160$2,570$3,080$3,400
FY 2025$2,000$2,140$2,550$3,080$3,390
FY 2024$1,900$2,040$2,430$2,940$3,240
FY 2023$1,810$1,960$2,350$2,860$3,160

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02151
02132$2,940+8.1%
02133$3,880+42.6%
02134$3,400+25.0%
02135$3,310+21.7%
02136$2,660−2.2%
02137$3,110+14.3%
02148$3,170+16.5%
02149$2,920+7.4%
02150$2,800+2.9%
02151Current$2,720—
02152$2,750+1.1%
02163$3,870+42.3%

Questions about ZIP 02151 rents

How much will Section 8 pay for a two-bedroom in ZIP 02151?

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 $2,720 it would be $2,448 to $2,992. 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 02151 in?

ZIP 02151 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 02151 for FY 2027?

The two-bedroom FMR rose 5.8%, from $2,570 in FY 2026 to $2,720 in FY 2027. Since FY 2023 it has risen 15.7%.

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