FY2027 Small Area FMR · Danvers, MA

ZIP 01923 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 01923 (Danvers, MA) is $2,740 a month, up 1.9% from FY2026. That is 9% below the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$2,740per month ▲ 1.9%

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

Rank in the area144thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,466

2 BR Small Area FMR$2,740

110% of SAFMR$3,014

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

Studio$2,220▲ 2.8%

1 BR$2,290▲ 0.9%

2 BR$2,740▲ 1.9%

3 BR$3,260▲ 0.9%

4 BR$3,600▲ 1.1%

FY2027 FY2026

Where 01923 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 01923 has the 144th 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 $2,740 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	$2,220	$1,998 – $2,442	$2,440	$2,160
1 bedroom	$2,290	$2,061 – $2,519	$2,518	$2,270
2 bedrooms	$2,740	$2,466 – $3,014	$3,008	$2,690
3 bedrooms	$3,260	$2,934 – $3,586	$3,584	$3,230
4 bedrooms	$3,600	$3,240 – $3,960	$3,953	$3,560

A household renting a two-bedroom home at the Small Area FMR of $2,740 needs about $109,600 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 01923 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
01937	Hathorne	1.9 mi	$2,740
01960	Peabody	2.9 mi	$2,650
01949	Middleton	3.8 mi	$2,650
01984	Wenham	3.9 mi	$2,650
01915	Beverly	4.2 mi	$2,800
01983	Topsfield	4.7 mi	$2,650

Questions

What is the Fair Market Rent for ZIP code 01923?

HUD's FY2027 Small Area Fair Market Rents for 01923 are $2,220 (studio), $2,290 (1 BR), $2,740 (2 BR), $3,260 (3 BR) and $3,600 (4 BR) a month.

What is the Section 8 payment standard in 01923?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 01923 that range is $2,466 to $3,014 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 01923?

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.