FY2027 Small Area FMR · Boston, MA

ZIP 02127 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02127 (Boston, MA) is $4,160 a month, up 9.8% from FY2026. That is 38% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$4,160per month ▲ 9.8%

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

Rank in the area10thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,744

2 BR Small Area FMR$4,160

110% of SAFMR$4,576

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

Studio$3,370▲ 10.9%

1 BR$3,480▲ 9.1%

2 BR$4,160▲ 9.8%

3 BR$4,960▲ 9.3%

4 BR$5,470▲ 9.0%

FY2027 FY2026

Where 02127 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02127 has the 10th 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 $4,160 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	$3,370	$3,033 – $3,707	$2,440	$3,040
1 bedroom	$3,480	$3,132 – $3,828	$2,518	$3,190
2 bedrooms	$4,160	$3,744 – $4,576	$3,008	$3,790
3 bedrooms	$4,960	$4,464 – $5,456	$3,584	$4,540
4 bedrooms	$5,470	$4,923 – $6,017	$3,953	$5,020

A household renting a two-bedroom home at the Small Area FMR of $4,160 needs about $166,400 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 02127 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
02210	Boston	0.9 mi	$4,220
02205	Boston	1.3 mi	$3,110
02111	Boston	1.5 mi	$3,620
02125	Dorchester	1.6 mi	$2,650
02118	Boston	1.6 mi	$3,040
02133	Boston	1.9 mi	$3,880

Questions

What is the Fair Market Rent for ZIP code 02127?

HUD's FY2027 Small Area Fair Market Rents for 02127 are $3,370 (studio), $3,480 (1 BR), $4,160 (2 BR), $4,960 (3 BR) and $5,470 (4 BR) a month.

What is the Section 8 payment standard in 02127?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02127 that range is $3,744 to $4,576 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02127?

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.