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Middlesex County/Belmont/02478

02478

ZIPSAFMR
Middlesex County, MA
Zillow

ZIP Investment Score

33Below average

095130300
BRFMR
Eff. Rent
0 BR$2,760$1,990
1 BR$2,850$3,010
2 BR$3,400$3,530
3 BR$4,050$4,190
4 BR$4,470$4,660
5 BR$5,141Not available
6 BR$5,912Not available
7 BR$6,798Not available
8 BR$7,818Not available

Purchase Price Calculator

Maximum purchase price
$462,640

Cost breakdown

+Likely effective rent$3,530
HUD FMR$3,400
Market rent$3,600
Est. payment standard (104%)Used$3,530
-Principal and interest-$2,339
Loan amount$370,112
Down payment$92,528
Rate6.50%
Term30 years
-Operating costs-$991
Property taxes-$463
Insurance-$175
Utilities$0
HOA$0
Management-$353
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,033(60.6% ROI)
Projected value
$498,213
Return breakdown
Property appreciation+$35,573
Loan principal paid down+$13,260
Rental cash flow+$7,200
5-year hold
+$96,441(104.2% ROI)
Projected value
$523,435
Return breakdown
Property appreciation+$60,795
Loan principal paid down+$23,647
Rental cash flow+$12,000
10-year hold
+$209,924(226.9% ROI)
Projected value
$592,218
Return breakdown
Property appreciation+$129,578
Loan principal paid down+$56,345
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.39
1 BR
0.92
2 BR
0.94
3 BR
0.95
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02478 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02478 (Belmont, MA) is $3,400 a month. That is up 1.8% from $3,340 in FY 2026. Belmont 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, 02478 is tied for the 24th-highest two-bedroom rent (county range $2,240–$4,510). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02478 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02478
BedroomsFY 2027Change90–110% range
Studio$2,760+3.0%$2,484–$3,036
1BR$2,850+1.4%$2,565–$3,135
2BR$3,400+1.8%$3,060–$3,740
3BR$4,050+1.3%$3,645–$4,455
4BR$4,470+1.1%$4,023–$4,917

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02478
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,760$2,850$3,400$4,050$4,470
FY 2026$2,680$2,810$3,340$4,000$4,420
FY 2025$2,570$2,720$3,220$3,880$4,270
FY 2024$2,570$2,770$3,290$3,980$4,380
FY 2023$2,410$2,620$3,140$3,820$4,220

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02478
02462$3,640+7.1%
02464$3,370−0.9%
02465$3,120−8.2%
02466$3,150−7.4%
02467$4,190+23.2%
02468$3,830+12.6%
02472$3,350−1.5%
02474$3,220−5.3%
02476$2,650−22.1%
02478Current$3,400—
02481$4,160+22.4%
02493$3,010−11.5%

Questions about ZIP 02478 rents

How much will Section 8 pay for a two-bedroom in ZIP 02478?

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 $3,400 it would be $3,060 to $3,740. 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 02478 in?

ZIP 02478 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 02478 for FY 2027?

The two-bedroom FMR rose 1.8%, from $3,340 in FY 2026 to $3,400 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 rentBelmont, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources