FY2027 Small Area FMR · Boston, MA

ZIP 02114 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02114 (Boston, MA) is $4,380 a month, down 0.7% from FY2026. That is 46% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$4,380per month ▼ 0.7%

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

Rank in the area5thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,942

2 BR Small Area FMR$4,380

110% of SAFMR$4,818

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

Studio$3,550▲ 0.3%

1 BR$3,670▼ 1.1%

2 BR$4,380▼ 0.7%

3 BR$5,220▼ 1.3%

4 BR$5,760▼ 1.4%

FY2027 FY2026

Where 02114 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02114 has the 5th 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 $4,380 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	$3,550	$3,195 – $3,905	$2,440	$3,540
1 bedroom	$3,670	$3,303 – $4,037	$2,518	$3,710
2 bedrooms	$4,380	$3,942 – $4,818	$3,008	$4,410
3 bedrooms	$5,220	$4,698 – $5,742	$3,584	$5,290
4 bedrooms	$5,760	$5,184 – $6,336	$3,953	$5,840

A household renting a two-bedroom home at the Small Area FMR of $4,380 needs about $175,200 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 02114 lies mainly in Suffolk 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
02108	Boston	0.4 mi	$3,670
02203	Boston	0.5 mi	$3,110
02133	Boston	0.6 mi	$3,880
02142	Cambridge	0.7 mi	$4,090
02113	Boston	0.7 mi	$3,820
02141	Cambridge	0.9 mi	$3,970

Questions

What is the Fair Market Rent for ZIP code 02114?

HUD's FY2027 Small Area Fair Market Rents for 02114 are $3,550 (studio), $3,670 (1 BR), $4,380 (2 BR), $5,220 (3 BR) and $5,760 (4 BR) a month.

What is the Section 8 payment standard in 02114?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02114 that range is $3,942 to $4,818 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02114?

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.