FY2027 Small Area FMR · Melrose, MA

ZIP 02176 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02176 (Melrose, MA) is $2,820 a month, unchanged from FY2026. That is 6% below the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$2,820per month ■ 0.0%

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

Rank in the area130thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,538

2 BR Small Area FMR$2,820

110% of SAFMR$3,102

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

Studio$2,290▲ 1.3%

1 BR$2,360▼ 0.4%

2 BR$2,820■ 0.0%

3 BR$3,360▼ 0.6%

4 BR$3,710▼ 0.5%

FY2027 FY2026

Where 02176 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02176 has the 130th 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 $2,820 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	$2,290	$2,061 – $2,519	$2,440	$2,260
1 bedroom	$2,360	$2,124 – $2,596	$2,518	$2,370
2 bedrooms	$2,820	$2,538 – $3,102	$3,008	$2,820
3 bedrooms	$3,360	$3,024 – $3,696	$3,584	$3,380
4 bedrooms	$3,710	$3,339 – $4,081	$3,953	$3,730

A household renting a two-bedroom home at the Small Area FMR of $2,820 needs about $112,800 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 02176 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
02148	Malden	1.8 mi	$3,170
02180	Stoneham	2.3 mi	$2,750
01906	Saugus	2.5 mi	$3,010
01880	Wakefield	3.2 mi	$2,650
02155	Medford	3.3 mi	$3,330
02149	Everett	3.4 mi	$2,920

Questions

What is the Fair Market Rent for ZIP code 02176?

HUD's FY2027 Small Area Fair Market Rents for 02176 are $2,290 (studio), $2,360 (1 BR), $2,820 (2 BR), $3,360 (3 BR) and $3,710 (4 BR) a month.

What is the Section 8 payment standard in 02176?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02176 that range is $2,538 to $3,102 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02176?

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.