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Norfolk County/Boston/02215

02215

ZIPSAFMR
Norfolk County, MA
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$3,280$3,100
1 BR$3,390$3,730
2 BR$4,050$4,460
3 BR$4,830$4,580
4 BR$5,320$4,480
5 BR$6,118Not available
6 BR$7,036Not available
7 BR$8,091Not available
8 BR$9,305Not available

Purchase Price Calculator

Maximum purchase price
$600,838

Cost breakdown

+Likely effective rent$4,460
HUD FMR$4,050
Market rent$4,720
Est. payment standard (110%)Used$4,460
-Principal and interest-$3,038
Loan amount$480,670
Down payment$120,168
Rate6.50%
Term30 years
-Operating costs-$1,222
Property taxes-$601
Insurance-$175
Utilities$0
HOA$0
Management-$446
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$70,620(58.8% ROI)
Projected value
$647,036
Return breakdown
Property appreciation+$46,199
Loan principal paid down+$17,221
Rental cash flow+$7,200
5-year hold
+$121,665(101.2% ROI)
Projected value
$679,793
Return breakdown
Property appreciation+$78,955
Loan principal paid down+$30,710
Rental cash flow+$12,000
10-year hold
+$265,462(220.9% ROI)
Projected value
$769,123
Return breakdown
Property appreciation+$168,285
Loan principal paid down+$73,177
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.86
2 BR
0.86
3 BR
1.05
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02215 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02215 (Boston, MA) is $4,050 a month. That is up 6.0% from $3,820 in FY 2026. Boston is in the Brockton, MA 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 $2,409. Among 60 ZIP codes in Norfolk County, 02215 has the 4th-highest two-bedroom rent (county range $2,650–$4,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02215 is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02215
BedroomsFY 2027Change90–110% range
Studio$3,280+7.2%$2,952–$3,608
1BR$3,390+5.3%$3,051–$3,729
2BR$4,050+6.0%$3,645–$4,455
3BR$4,830+5.5%$4,347–$5,313
4BR$5,320+5.1%$4,788–$5,852

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02215
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,280$3,390$4,050$4,830$5,320
FY 2026$3,060$3,220$3,820$4,580$5,060
FY 2025$2,900$3,060$3,630$4,370$4,810
FY 2024$2,950$3,170$3,770$4,560$5,020
FY 2023$2,870$3,120$3,740$4,550$5,020

Two-bedroom rent in nearby Norfolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02215
02169$3,070−24.2%
02170$2,650−34.6%
02171$3,170−21.7%
02184$2,860−29.4%
02185$2,960−26.9%
02186$2,650−34.6%
02188$2,750−32.1%
02189$2,650−34.6%
02190$2,680−33.8%
02191$2,650−34.6%
02215Current$4,050—
02269$2,960−26.9%

Questions about ZIP 02215 rents

How much will Section 8 pay for a two-bedroom in ZIP 02215?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,409, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,168 to $2,650 a month; under the ZIP-level Small Area FMR of $4,050 it would be $3,645 to $4,455. 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 02215 in?

ZIP 02215 is in the Brockton, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,409.

How much did fair market rent change in ZIP 02215 for FY 2027?

The two-bedroom FMR rose 6.0%, from $3,820 in FY 2026 to $4,050 in FY 2027. Since FY 2023 it has risen 8.3%.

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