FY2027 Small Area FMR · Boston, MA

ZIP 02118 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02118 (Boston, MA) is $3,040 a month, up 15.6% from FY2026. That is 1% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,040per month ▲ 15.6%

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

Rank in the area102ndof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,736

2 BR Small Area FMR$3,040

110% of SAFMR$3,344

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

Studio$2,470▲ 17.1%

1 BR$2,540▲ 14.9%

2 BR$3,040▲ 15.6%

3 BR$3,620▲ 14.9%

4 BR$4,000▲ 14.9%

FY2027 FY2026

Where 02118 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02118 has the 102nd 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 $3,040 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	$2,110
1 bedroom	$2,540	$2,286 – $2,794	$2,518	$2,210
2 bedrooms	$3,040	$2,736 – $3,344	$3,008	$2,630
3 bedrooms	$3,620	$3,258 – $3,982	$3,584	$3,150
4 bedrooms	$4,000	$3,600 – $4,400	$3,953	$3,480

A household renting a two-bedroom home at the Small Area FMR of $3,040 needs about $121,600 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 02118 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
02199	Boston	0.9 mi	$4,510
02116	Boston	0.9 mi	$4,130
02111	Boston	1.1 mi	$3,620
02119	Roxbury	1.2 mi	$2,650
02205	Boston	1.2 mi	$3,110
02120	Roxbury Crossing	1.4 mi	$2,870

Questions

What is the Fair Market Rent for ZIP code 02118?

HUD's FY2027 Small Area Fair Market Rents for 02118 are $2,470 (studio), $2,540 (1 BR), $3,040 (2 BR), $3,620 (3 BR) and $4,000 (4 BR) a month.

What is the Section 8 payment standard in 02118?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02118 that range is $2,736 to $3,344 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02118?

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.