FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
0.96ratio
FMR$3,008
Market$3,140
vs market-$132
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
0.99ratio
FMR$3,584
Market$3,620
vs market-$36
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
0.86ratio
FMR$3,953
Market$4,620
vs market-$667
FMR is below market; voucher rent may lag private rents.
0.86
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
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ZIP 02471 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 02471 (Watertown, MA) is $3,008 a month. Watertown is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02471 is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02471
Bedrooms
FY 2027
90–110% range
Studio
$2,440
$2,196–$2,684
1BR
$2,518
$2,266–$2,770
2BR
$3,008
$2,707–$3,309
3BR
$3,584
$3,226–$3,942
4BR
$3,953
$3,558–$4,348
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02471
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,440
$2,518
$3,008
$3,584
$3,953
FY 2026SAFMR
$2,390
$2,510
$2,980
$3,570
$3,950
FY 2025SAFMR
$2,300
$2,430
$2,880
$3,470
$3,820
FY 2024SAFMR
$2,250
$2,410
$2,870
$3,470
$3,820
FY 2023SAFMR
$2,050
$2,230
$2,670
$3,250
$3,590
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about ZIP 02471 rents
How much will Section 8 pay for a two-bedroom in ZIP 02471?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,008, that basic range is $2,707 to $3,309 a month. 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 02471 in?
ZIP 02471 is in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
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 Fair Market Rents. 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