FY2027 Small Area FMR · Reading, MA

ZIP 01867 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01867 (Reading, MA) is $2,790 a month, up 6.5% from FY2026. That is 7% below the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$2,790per month ▲ 6.5%

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

Rank in the area137thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,511

2 BR Small Area FMR$2,790

110% of SAFMR$3,069

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

Studio$2,260▲ 7.6%

1 BR$2,340▲ 5.9%

2 BR$2,790▲ 6.5%

3 BR$3,320▲ 5.7%

4 BR$3,670▲ 5.8%

FY2027 FY2026

Where 01867 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 01867 has the 137th 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 $2,790 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	$2,260	$2,034 – $2,486	$2,440	$2,100
1 bedroom	$2,340	$2,106 – $2,574	$2,518	$2,210
2 bedrooms	$2,790	$2,511 – $3,069	$3,008	$2,620
3 bedrooms	$3,320	$2,988 – $3,652	$3,584	$3,140
4 bedrooms	$3,670	$3,303 – $4,037	$3,953	$3,470

A household renting a two-bedroom home at the Small Area FMR of $2,790 needs about $111,600 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 01867 lies mainly in Middlesex 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
01880	Wakefield	3.0 mi	$2,650
01864	North Reading	3.2 mi	$3,160
01940	Lynnfield	3.4 mi	$3,420
01887	Wilmington	3.6 mi	$3,460
01801	Woburn	4.1 mi	$3,280
02180	Stoneham	4.2 mi	$2,750

Questions

What is the Fair Market Rent for ZIP code 01867?

HUD's FY2027 Small Area Fair Market Rents for 01867 are $2,260 (studio), $2,340 (1 BR), $2,790 (2 BR), $3,320 (3 BR) and $3,670 (4 BR) a month.

What is the Section 8 payment standard in 01867?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01867 that range is $2,511 to $3,069 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01867?

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.