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Norfolk County/Needham/02492

02492

ZIPSAFMR
Norfolk County, MA
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$2,900$2,490
1 BR$2,990$3,000
2 BR$3,570$3,560
3 BR$4,250$4,260
4 BR$4,690$5,160
5 BR$5,394Not available
6 BR$6,203Not available
7 BR$7,133Not available
8 BR$8,203Not available

Purchase Price Calculator

Maximum purchase price
$467,098

Cost breakdown

+Likely effective rent$3,560
HUD FMR$3,570
Market rentUsed$3,560
Est. payment standard (100%)$3,560
-Principal and interest-$2,362
Loan amount$373,678
Down payment$93,420
Rate6.50%
Term30 years
-Operating costs-$998
Property taxes-$467
Insurance-$175
Utilities$0
HOA$0
Management-$356
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,503(60.5% ROI)
Projected value
$503,014
Return breakdown
Property appreciation+$35,915
Loan principal paid down+$13,388
Rental cash flow+$7,200
5-year hold
+$97,255(104.1% ROI)
Projected value
$528,479
Return breakdown
Property appreciation+$61,381
Loan principal paid down+$23,874
Rental cash flow+$12,000
10-year hold
+$211,715(226.6% ROI)
Projected value
$597,925
Return breakdown
Property appreciation+$130,827
Loan principal paid down+$56,888
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.00
2 BR
1.00
3 BR
1.00
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02492 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02492 (Needham, MA) is $3,570 a month. That is down 0.8% from $3,600 in FY 2026. Needham is in the Brockton, MA 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 $2,409. Among 60 ZIP codes in Norfolk County, 02492 is tied for the 8th-highest two-bedroom rent (county range $2,650–$4,420). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02492 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02492
BedroomsFY 2027Change90–110% range
Studio$2,900+0.3%$2,610–$3,190
1BR$2,990−1.3%$2,691–$3,289
2BR$3,570−0.8%$3,213–$3,927
3BR$4,250−1.6%$3,825–$4,675
4BR$4,690−1.7%$4,221–$5,159

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02492
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,900$2,990$3,570$4,250$4,690
FY 2026$2,890$3,030$3,600$4,320$4,770
FY 2025$2,620$2,780$3,290$3,960$4,360
FY 2024$2,260$2,430$2,890$3,490$3,850
FY 2023$1,770$1,920$2,300$2,800$3,090

Two-bedroom rent in nearby Norfolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02492
02322$2,650−25.8%
02343$2,650−25.8%
02356$2,650−25.8%
02368$2,930−17.9%
02445$3,860+8.1%
02446$4,420+23.8%
02447$2,960−17.1%
02467$4,190+17.4%
02481$4,160+16.5%
02482$4,010+12.3%
02492Current$3,570—
02494$3,180−10.9%

Questions about ZIP 02492 rents

How much will Section 8 pay for a two-bedroom in ZIP 02492?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,409, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,168 to $2,650 a month; under the ZIP-level Small Area FMR of $3,570 it would be $3,213 to $3,927. 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 02492 in?

ZIP 02492 is in the Brockton, MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,409.

How much did fair market rent change in ZIP 02492 for FY 2027?

The two-bedroom FMR fell 0.8%, from $3,600 in FY 2026 to $3,570 in FY 2027. Since FY 2023 it has risen 55.2%.

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