05501
ZIPFMR
Essex County, MA
BRFMR
Eff. Rent
0 BR$2,359$1,960
1 BR$2,476$2,476
2 BR$2,941$2,941
3 BR$3,526$3,526
4 BR$3,894$3,894
5 BR$4,478
6 BR$5,150
7 BR$5,922
8 BR$6,811

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.20ratio
FMR$2,359
Market$1,960
vs market+$399

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.20
1 BR
1 BR
0.94ratio
FMR$2,476
Market$2,630
vs market-$154

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.94
2 BR
2 BR
0.91ratio
FMR$2,941
Market$3,220
vs market-$279

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.91
3 BR
3 BR
0.81ratio
FMR$3,526
Market$4,340
vs market-$814

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.81
4 BR
4 BR
0.83ratio
FMR$3,894
Market$4,700
vs market-$806

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.83
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$375,115
Rent
$2,941
Down payment
$75,023
Loan
$300,092
Mortgage
$1,897
Expenses
$844
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 05501 (MA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.