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Middlesex County/Newton Highlands/02461

02461

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$3,520$2,710
1 BR$3,630$3,330
2 BR$4,340$3,680
3 BR$5,170$4,670
4 BR$5,700$5,720
5 BR$6,555Not available
6 BR$7,538Not available
7 BR$8,669Not available
8 BR$9,969Not available

Purchase Price Calculator

Maximum purchase price
$484,930

Cost breakdown

+Likely effective rent$3,680
HUD FMR$4,340
Market rentUsed$3,680
Est. payment standard (90%)$3,910
-Principal and interest-$2,452
Loan amount$387,944
Down payment$96,986
Rate6.50%
Term30 years
-Operating costs-$1,028
Property taxes-$485
Insurance-$175
Utilities$0
HOA$0
Management-$368
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$58,386(60.2% ROI)
Projected value
$522,217
Return breakdown
Property appreciation+$37,287
Loan principal paid down+$13,899
Rental cash flow+$7,200
5-year hold
+$100,510(103.6% ROI)
Projected value
$548,654
Return breakdown
Property appreciation+$63,724
Loan principal paid down+$24,786
Rental cash flow+$12,000
10-year hold
+$218,882(225.7% ROI)
Projected value
$620,751
Return breakdown
Property appreciation+$135,821
Loan principal paid down+$59,060
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.09
2 BR
1.18
3 BR
1.11
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02461 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02461 (Newton Highlands, MA) is $4,340 a month. That is down 0.2% from $4,350 in FY 2026. Newton Highlands 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, 02461 has the 2nd-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02461 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02461
BedroomsFY 2027Change90–110% range
Studio$3,520+0.9%$3,168–$3,872
1BR$3,630−0.8%$3,267–$3,993
2BR$4,340−0.2%$3,906–$4,774
3BR$5,170−1.0%$4,653–$5,687
4BR$5,700−1.0%$5,130–$6,270

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02461
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,520$3,630$4,340$5,170$5,700
FY 2026$3,490$3,660$4,350$5,220$5,760
FY 2025$3,400$3,600$4,260$5,130$5,650
FY 2024$3,310$3,560$4,230$5,110$5,630
FY 2023$2,940$3,200$3,830$4,660$5,150

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02461
02454$3,050−29.7%
02455$3,050−29.7%
02458$3,150−27.4%
02459$3,300−24.0%
02460$3,530−18.7%
02461Current$4,340—
02462$3,640−16.1%
02464$3,370−22.4%
02465$3,120−28.1%
02466$3,150−27.4%
02467$4,190−3.5%
02468$3,830−11.8%

Questions about ZIP 02461 rents

How much will Section 8 pay for a two-bedroom in ZIP 02461?

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 $4,340 it would be $3,906 to $4,774. 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 02461 in?

ZIP 02461 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 02461 for FY 2027?

The two-bedroom FMR fell 0.2%, from $4,350 in FY 2026 to $4,340 in FY 2027. Since FY 2023 it has risen 13.3%.

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