FY2027 Small Area FMR · Cambridge, MA

ZIP 02140 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02140 (Cambridge, MA) is $3,800 a month, up 4.1% from FY2026. That is 26% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,800per month ▲ 4.1%

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

Rank in the area27thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,420

2 BR Small Area FMR$3,800

110% of SAFMR$4,180

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

Studio$3,080▲ 5.1%

1 BR$3,180▲ 3.6%

2 BR$3,800▲ 4.1%

3 BR$4,530▲ 3.4%

4 BR$4,990▲ 3.3%

FY2027 FY2026

Where 02140 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02140 has the 27th 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 $3,800 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	$3,080	$2,772 – $3,388	$2,440	$2,930
1 bedroom	$3,180	$2,862 – $3,498	$2,518	$3,070
2 bedrooms	$3,800	$3,420 – $4,180	$3,008	$3,650
3 bedrooms	$4,530	$4,077 – $4,983	$3,584	$4,380
4 bedrooms	$4,990	$4,491 – $5,489	$3,953	$4,830

A household renting a two-bedroom home at the Small Area FMR of $3,800 needs about $152,000 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 02140 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
02144	Somerville	0.8 mi	$3,750
02138	Cambridge	0.9 mi	$4,310
02163	Boston	1.9 mi	$3,870
02143	Somerville	2.0 mi	$3,630
02145	Somerville	2.2 mi	$3,470
02474	Arlington	2.3 mi	$3,220

Questions

What is the Fair Market Rent for ZIP code 02140?

HUD's FY2027 Small Area Fair Market Rents for 02140 are $3,080 (studio), $3,180 (1 BR), $3,800 (2 BR), $4,530 (3 BR) and $4,990 (4 BR) a month.

What is the Section 8 payment standard in 02140?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02140 that range is $3,420 to $4,180 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02140?

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.