FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.75ratio
FMR$3,250
Market$4,310
vs market-$1,060
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR
0.72ratio
FMR$3,870
Market$5,390
vs market-$1,520
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR
0.64ratio
FMR$4,630
Market$7,260
vs market-$2,630
FMR is below market; voucher rent may lag private rents.
0.64
4 BR
4 BR
1.02ratio
FMR$5,120
Market$5,020
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.02
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 02163 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02163 (Boston, MA) is $3,870 a month. That is down 9.8% from $4,290 in FY 2026. Boston 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, 02163 has the 12th-highest two-bedroom rent (county range $2,650–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02163 is 74% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02163
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,440
$3,100
−9.9%
$2,790–$3,410
1BR
$3,610
$3,250
−10.0%
$2,925–$3,575
2BR
$4,290
$3,870
−9.8%
$3,483–$4,257
3BR
$5,140
$4,630
−9.9%
$4,167–$5,093
4BR
$5,680
$5,120
−9.9%
$4,608–$5,632
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02163
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,100
$3,250
$3,870
$4,630
$5,120
FY 2026
$3,440
$3,610
$4,290
$5,140
$5,680
FY 2025
$3,290
$3,490
$4,130
$4,980
$5,480
FY 2024
$3,210
$3,450
$4,100
$4,960
$5,460
FY 2023
$2,900
$3,150
$3,770
$4,590
$5,060
Two-bedroom rent in nearby Suffolk County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02163?
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 $3,870 it would be $3,483 to $4,257. 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 02163 in?
ZIP 02163 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 02163 for FY 2027?
The two-bedroom FMR fell 9.8%, from $4,290 in FY 2026 to $3,870 in FY 2027. Since FY 2023 it has risen 2.7%.
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