FY2027 Small Area FMR · North Reading, MA

ZIP 01889 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01889 (North Reading, MA) is $3,050 a month, up 2.3% from FY2026. That is 1% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,050per month ▲ 2.3%

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

Rank in the area93rdof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,745

2 BR Small Area FMR$3,050

110% of SAFMR$3,355

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

Studio$2,470▲ 3.3%

1 BR$2,550▲ 1.6%

2 BR$3,050▲ 2.3%

3 BR$3,630▲ 1.7%

4 BR$4,010▲ 1.5%

FY2027 FY2026

Where 01889 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 01889 has the 93rd 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 $3,050 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	$2,470	$2,223 – $2,717	$2,440	$2,390
1 bedroom	$2,550	$2,295 – $2,805	$2,518	$2,510
2 bedrooms	$3,050	$2,745 – $3,355	$3,008	$2,980
3 bedrooms	$3,630	$3,267 – $3,993	$3,584	$3,570
4 bedrooms	$4,010	$3,609 – $4,411	$3,953	$3,950

A household renting a two-bedroom home at the Small Area FMR of $3,050 needs about $122,000 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 01889 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
01864	North Reading	1.4 mi	$3,160
01867	Reading	2.5 mi	$2,790
01887	Wilmington	2.8 mi	$3,460
01940	Lynnfield	4.5 mi	$3,420
01880	Wakefield	5.3 mi	$2,650
01949	Middleton	5.9 mi	$2,650

Questions

What is the Fair Market Rent for ZIP code 01889?

HUD's FY2027 Small Area Fair Market Rents for 01889 are $2,470 (studio), $2,550 (1 BR), $3,050 (2 BR), $3,630 (3 BR) and $4,010 (4 BR) a month.

What is the Section 8 payment standard in 01889?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01889 that range is $2,745 to $3,355 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01889?

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.