02176
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,840
1 BR$2,476$2,120
2 BR$2,941$2,710
3 BR$3,526$3,550
4 BR$3,894$3,920
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,941
Market rentUsed$2,710
Est. payment standard (95%)$2,790
Market rent is below the inferred standard ($2,790, 95% of FMR).
-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
Current value$340,788
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
Current value$340,788
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
Current value$340,788
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.28ratio
FMR$2,359
Market$1,840
vs market+$519

FMR is above market; underwrite to market rent.

90% standard$2,123 / 1.15 ratio110% standard$2,595 / 1.41 ratio
1.28
1 BR
1 BR
1.17ratio
FMR$2,476
Market$2,120
vs market+$356

FMR is above market; underwrite to market rent.

90% standard$2,228 / 1.05 ratio110% standard$2,724 / 1.28 ratio
1.17
2 BR
2 BR
1.09ratio
FMR$2,941
Market$2,710
vs market+$231

FMR is near market; voucher and private rents are aligned.

90% standard$2,647 / 0.98 ratio110% standard$3,235 / 1.19 ratio
1.09
3 BR
3 BR
0.99ratio
FMR$3,526
Market$3,560
vs market-$34

FMR is near market; voucher and private rents are aligned.

90% standard$3,173 / 0.89 ratio110% standard$3,879 / 1.09 ratio
0.99
4 BR
4 BR
0.99ratio
FMR$3,894
Market$3,930
vs market-$36

FMR is near market; voucher and private rents are aligned.

90% standard$3,505 / 0.89 ratio110% standard$4,283 / 1.09 ratio
0.99
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 02176 (MA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

02176 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 02176 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,941 and the 4 bedroom fair market rent is $3,894.

Use this page for searches like 02176 FMR, 02176 fair market rent, and 02176 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 02176
Bedroom sizeHUD FMR
Studio$2,359
1 bedroom$2,476
2 bedroom$2,941
3 bedroom$3,526
4 bedroom$3,894