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Middlesex County/Watertown/02472

02472

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$2,720$2,750
1 BR$2,800$3,010
2 BR$3,350$3,510
3 BR$3,990$3,560
4 BR$4,400$4,180
5 BR$5,060Not available
6 BR$5,819Not available
7 BR$6,692Not available
8 BR$7,696Not available

Purchase Price Calculator

Maximum purchase price
$459,668

Cost breakdown

+Likely effective rent$3,510
HUD FMR$3,350
Market rent$3,590
Est. payment standard (105%)Used$3,510
-Principal and interest-$2,324
Loan amount$367,734
Down payment$91,934
Rate6.50%
Term30 years
-Operating costs-$986
Property taxes-$460
Insurance-$175
Utilities$0
HOA$0
Management-$351
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$55,719(60.6% ROI)
Projected value
$495,012
Return breakdown
Property appreciation+$35,344
Loan principal paid down+$13,175
Rental cash flow+$7,200
5-year hold
+$95,899(104.3% ROI)
Projected value
$520,072
Return breakdown
Property appreciation+$60,404
Loan principal paid down+$23,495
Rental cash flow+$12,000
10-year hold
+$208,729(227.0% ROI)
Projected value
$588,414
Return breakdown
Property appreciation+$128,746
Loan principal paid down+$55,983
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.89
2 BR
0.93
3 BR
1.12
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02472 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02472 (Watertown, MA) is $3,350 a month. That is up 4.4% from $3,210 in FY 2026. Watertown 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, 02472 has the 28th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02472 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02472
BedroomsFY 2027Change90–110% range
Studio$2,720+5.8%$2,448–$2,992
1BR$2,800+3.7%$2,520–$3,080
2BR$3,350+4.4%$3,015–$3,685
3BR$3,990+3.6%$3,591–$4,389
4BR$4,400+3.5%$3,960–$4,840

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02472
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,720$2,800$3,350$3,990$4,400
FY 2026$2,570$2,700$3,210$3,850$4,250
FY 2025$2,400$2,540$3,010$3,630$3,990
FY 2024$2,370$2,550$3,030$3,660$4,040
FY 2023$2,240$2,440$2,920$3,550$3,920

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02472
02461$4,340+29.6%
02462$3,640+8.7%
02464$3,370+0.6%
02465$3,120−6.9%
02466$3,150−6.0%
02467$4,190+25.1%
02468$3,830+14.3%
02472Current$3,350—
02474$3,220−3.9%
02476$2,650−20.9%
02478$3,400+1.5%
02481$4,160+24.2%

Questions about ZIP 02472 rents

How much will Section 8 pay for a two-bedroom in ZIP 02472?

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 $3,350 it would be $3,015 to $3,685. 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 02472 in?

ZIP 02472 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 02472 for FY 2027?

The two-bedroom FMR rose 4.4%, from $3,210 in FY 2026 to $3,350 in FY 2027. Since FY 2023 it has risen 14.7%.

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