FY2027 Small Area FMR · Wellesley Hills, MA

ZIP 02481 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02481 (Wellesley Hills, MA) is $4,160 a month, up 3.2% from FY2026. That is 38% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$4,160per month ▲ 3.2%

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▲ 4.3%

1 BR$3,480▲ 2.7%

2 BR$4,160▲ 3.2%

3 BR$4,960▲ 2.7%

4 BR$5,470▲ 2.4%

FY2027 FY2026

Where 02481 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02481 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	$3,230
1 bedroom	$3,480	$3,132 – $3,828	$2,518	$3,390
2 bedrooms	$4,160	$3,744 – $4,576	$3,008	$4,030
3 bedrooms	$4,960	$4,464 – $5,456	$3,584	$4,830
4 bedrooms	$5,470	$4,923 – $6,017	$3,953	$5,340

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 02481 lies mainly in Norfolk 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
02457	Babson Park	0.9 mi	$4,010
02462	Newton Lower Falls	1.5 mi	$3,640
02482	Wellesley	1.8 mi	$4,010
02494	Needham Heights	2.4 mi	$3,180
02468	Waban	2.6 mi	$3,830
02466	Auburndale	2.6 mi	$3,150

Questions

What is the Fair Market Rent for ZIP code 02481?

HUD's FY2027 Small Area Fair Market Rents for 02481 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 02481?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02481 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 02481?

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.