FY2027 Small Area FMR · Holyoke, MA

ZIP 01040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01040 (Holyoke, MA) is $1,800 a month, up 4.7% from FY2026. That is 0% equal to the Springfield, MA area-wide FMR of $1,800.

2-bedroom SAFMR$1,800per month ▲ 4.7%

Area-wide 2 BR FMR$1,800Springfield, MA

Rank in the area28thof 56 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,620

2 BR Small Area FMR$1,800

110% of SAFMR$1,980

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,260▲ 4.1%

1 BR$1,420▲ 3.6%

2 BR$1,800▲ 4.7%

3 BR$2,240▲ 6.2%

4 BR$2,370▲ 3.9%

FY2027 FY2026

Where 01040 sits in the Springfield, MA area

Of the 56 ZIP codes HUD lists for the area, 01040 has the 28th highest two-bedroom Small Area FMR. Springfield, MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,800 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,800 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,260	$1,134 – $1,386	$1,264	$1,210
1 bedroom	$1,420	$1,278 – $1,562	$1,421	$1,370
2 bedrooms	$1,800	$1,620 – $1,980	$1,800	$1,720
3 bedrooms	$2,240	$2,016 – $2,464	$2,241	$2,110
4 bedrooms	$2,370	$2,133 – $2,607	$2,370	$2,280

A household renting a two-bedroom home at the Small Area FMR of $1,800 needs about $72,000 a year to keep housing costs at 30% of income. The area median family income is $96,700 and the 80% low-income limit for four people is $105,200. ZIP code 01040 lies mainly in Hampden County. See the Springfield, MA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
01013	Chicopee	3.9 mi	$1,650
01075	South Hadley	4.4 mi	$1,900
01020	Chicopee	4.9 mi	$1,800
01073	Southampton	5.2 mi	$1,830
01022	Chicopee	5.2 mi	$2,580
01089	West Springfield	6.0 mi	$1,640

Questions

What is the Fair Market Rent for ZIP code 01040?

HUD's FY2027 Small Area Fair Market Rents for 01040 are $1,260 (studio), $1,420 (1 BR), $1,800 (2 BR), $2,240 (3 BR) and $2,370 (4 BR) a month.

What is the Section 8 payment standard in 01040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01040 that range is $1,620 to $1,980 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01040?

The FY2026 income limits of the Springfield, MA area apply: median family income $96,700, low-income (80%) limit $105,200 for a family of four.