FY2027 Small Area FMR · North Andover, MA

ZIP 01845 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01845 (North Andover, MA) is $3,010 a month, up 0.7% from FY2026. That is 0% equal to the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,010per month ▲ 0.7%

Area-wide 2 BR FMR$3,008Boston-Cambridge-Quincy, MA-

Rank in the area103rdof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,709

2 BR Small Area FMR$3,010

110% of SAFMR$3,311

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

Studio$2,130▲ 3.4%

1 BR$2,300▲ 0.9%

2 BR$3,010▲ 0.7%

3 BR$3,590■ 0.0%

4 BR$3,960■ 0.0%

FY2027 FY2026

Where 01845 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 01845 has the 103rd highest two-bedroom Small Area FMR. Boston-Cambridge-Quincy, MA-NH 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 $3,008 for two bedrooms; an agency that opts in to Small Area FMRs would use $3,010 for this ZIP code instead.

ZIP code 01845 crosses more than one HUD area. HUD also lists it under Lawrence, MA-NH (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,130	$1,917 – $2,343	$2,440	$2,060
1 bedroom	$2,300	$2,070 – $2,530	$2,518	$2,280
2 bedrooms	$3,010	$2,709 – $3,311	$3,008	$2,990
3 bedrooms	$3,590	$3,231 – $3,949	$3,584	$3,590
4 bedrooms	$3,960	$3,564 – $4,356	$3,953	$3,960

A household renting a two-bedroom home at the Small Area FMR of $3,010 needs about $120,400 a year to keep housing costs at 30% of income. The area median family income is $164,600 and the 80% low-income limit for four people is $137,100. ZIP code 01845 lies mainly in Essex County. See the Boston-Cambridge-Quincy, MA-NH metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
01921	Boxford	3.3 mi	$2,650
01843	Lawrence	3.7 mi	$2,490
01810	Andover	4.0 mi	$3,070
01840	Lawrence	4.2 mi	$2,120
01841	Lawrence	4.6 mi	$2,170
01835	Haverhill	5.3 mi	$2,410

Questions

What is the Fair Market Rent for ZIP code 01845?

HUD's FY2027 Small Area Fair Market Rents for 01845 are $2,130 (studio), $2,300 (1 BR), $3,010 (2 BR), $3,590 (3 BR) and $3,960 (4 BR) a month.

What is the Section 8 payment standard in 01845?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01845 that range is $2,709 to $3,311 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01845?

The FY2026 income limits of the Boston-Cambridge-Quincy, MA-NH area apply: median family income $164,600, low-income (80%) limit $137,100 for a family of four.