FY2027 Small Area FMR · Waban, MA

ZIP 02468 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02468 (Waban, MA) is $3,830 a month, up 4.4% from FY2026. That is 27% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,830per month ▲ 4.4%

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

Rank in the area25thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,447

2 BR Small Area FMR$3,830

110% of SAFMR$4,213

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

Studio$3,110▲ 5.8%

1 BR$3,210▲ 3.9%

2 BR$3,830▲ 4.4%

3 BR$4,560▲ 3.9%

4 BR$5,030▲ 3.5%

FY2027 FY2026

Where 02468 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02468 has the 25th 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 $3,830 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	$3,110	$2,799 – $3,421	$2,440	$2,940
1 bedroom	$3,210	$2,889 – $3,531	$2,518	$3,090
2 bedrooms	$3,830	$3,447 – $4,213	$3,008	$3,670
3 bedrooms	$4,560	$4,104 – $5,016	$3,584	$4,390
4 bedrooms	$5,030	$4,527 – $5,533	$3,953	$4,860

A household renting a two-bedroom home at the Small Area FMR of $3,830 needs about $153,200 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 02468 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
02464	Newton Upper Falls	1.2 mi	$3,370
02462	Newton Lower Falls	1.3 mi	$3,640
02461	Newton Highlands	1.4 mi	$4,340
02465	West Newton	1.4 mi	$3,120
02466	Auburndale	1.5 mi	$3,150
02460	Newtonville	1.9 mi	$3,530

Questions

What is the Fair Market Rent for ZIP code 02468?

HUD's FY2027 Small Area Fair Market Rents for 02468 are $3,110 (studio), $3,210 (1 BR), $3,830 (2 BR), $4,560 (3 BR) and $5,030 (4 BR) a month.

What is the Section 8 payment standard in 02468?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02468 that range is $3,447 to $4,213 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02468?

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.