FY2027 Small Area FMR · Monterey, MA

ZIP 01245 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01245 (Monterey, MA) is $1,670 a month, up 1.8% from FY2026. That is 5% below the Berkshire County, MA (part) area-wide FMR of $1,763.

2-bedroom SAFMR$1,670per month ▲ 1.8%

Area-wide 2 BR FMR$1,763Berkshire County, MA (part)

Rank in the area25thof 30 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,503

2 BR Small Area FMR$1,670

110% of SAFMR$1,837

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

Studio$1,260▲ 5.0%

1 BR$1,280▲ 2.4%

2 BR$1,670▲ 1.8%

3 BR$2,280▲ 7.5%

4 BR$2,790▲ 1.5%

FY2027 FY2026

Where 01245 sits in the Berkshire County, MA (part) area

Of the 30 ZIP codes HUD lists for the area, 01245 has the 25th highest two-bedroom Small Area FMR. Berkshire County, MA (part) 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 $1,763 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,670 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	$1,329	$1,200
1 bedroom	$1,280	$1,152 – $1,408	$1,348	$1,250
2 bedrooms	$1,670	$1,503 – $1,837	$1,763	$1,640
3 bedrooms	$2,280	$2,052 – $2,508	$2,409	$2,120
4 bedrooms	$2,790	$2,511 – $3,069	$2,947	$2,750

A household renting a two-bedroom home at the Small Area FMR of $1,670 needs about $66,800 a year to keep housing costs at 30% of income. The area median family income is $112,900 and the 80% low-income limit for four people is $105,200. ZIP code 01245 lies mainly in Berkshire County. See the Berkshire County, MA (part) county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
01264	Tyringham	3.3 mi	$2,060
01244	Mill River	5.1 mi	$1,860
01230	Great Barrington	5.3 mi	$1,880
01253	Otis	5.8 mi	$1,670
01238	Lee	7.6 mi	$2,090
01255	Sandisfield	7.7 mi	$2,130

Questions

What is the Fair Market Rent for ZIP code 01245?

HUD's FY2027 Small Area Fair Market Rents for 01245 are $1,260 (studio), $1,280 (1 BR), $1,670 (2 BR), $2,280 (3 BR) and $2,790 (4 BR) a month.

What is the Section 8 payment standard in 01245?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01245 that range is $1,503 to $1,837 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01245?

The FY2026 income limits of the Berkshire County, MA (part) area apply: median family income $112,900, low-income (80%) limit $105,200 for a family of four.