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Middlesex County/Waltham/02453

02453

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$2,560$2,090
1 BR$2,640$2,590
2 BR$3,160$3,280
3 BR$3,770$3,310
4 BR$4,150$4,260
5 BR$4,773Not available
6 BR$5,488Not available
7 BR$6,312Not available
8 BR$7,258Not available

Purchase Price Calculator

Maximum purchase price
$425,490

Cost breakdown

+Likely effective rent$3,280
HUD FMR$3,160
Market rent$3,350
Est. payment standard (104%)Used$3,280
-Principal and interest-$2,152
Loan amount$340,392
Down payment$85,098
Rate6.50%
Term30 years
-Operating costs-$928
Property taxes-$425
Insurance-$175
Utilities$0
HOA$0
Management-$328
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,112(61.2% ROI)
Projected value
$458,206
Return breakdown
Property appreciation+$32,716
Loan principal paid down+$12,195
Rental cash flow+$7,200
5-year hold
+$89,661(105.4% ROI)
Projected value
$481,403
Return breakdown
Property appreciation+$55,913
Loan principal paid down+$21,748
Rental cash flow+$12,000
10-year hold
+$194,994(229.1% ROI)
Projected value
$544,663
Return breakdown
Property appreciation+$119,173
Loan principal paid down+$51,821
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.02
2 BR
0.94
3 BR
1.14
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02453 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02453 (Waltham, MA) is $3,160 a month. That is up 3.3% from $3,060 in FY 2026. Waltham 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, 02453 is tied for the 40th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02453 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02453
BedroomsFY 2027Change90–110% range
Studio$2,560+4.5%$2,304–$2,816
1BR$2,640+2.3%$2,376–$2,904
2BR$3,160+3.3%$2,844–$3,476
3BR$3,770+2.7%$3,393–$4,147
4BR$4,150+2.5%$3,735–$4,565

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02453
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,560$2,640$3,160$3,770$4,150
FY 2026$2,450$2,580$3,060$3,670$4,050
FY 2025$2,280$2,410$2,860$3,450$3,790
FY 2024$2,270$2,440$2,900$3,510$3,860
FY 2023$2,130$2,310$2,770$3,370$3,720

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02453
02451$3,640+15.2%
02452$3,190+0.9%
02453Current$3,160—
02454$3,050−3.5%
02455$3,050−3.5%
02458$3,150−0.3%
02459$3,300+4.4%
02460$3,530+11.7%
02461$4,340+37.3%
02462$3,640+15.2%
02464$3,370+6.6%
02465$3,120−1.3%

Questions about ZIP 02453 rents

How much will Section 8 pay for a two-bedroom in ZIP 02453?

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 $3,160 it would be $2,844 to $3,476. 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 02453 in?

ZIP 02453 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 02453 for FY 2027?

The two-bedroom FMR rose 3.3%, from $3,060 in FY 2026 to $3,160 in FY 2027. Since FY 2023 it has risen 14.1%.

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