FY2027 Small Area FMR · Needham Heights, MA

ZIP 02494 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02494 (Needham Heights, MA) is $3,180 a month, up 4.6% from FY2026. That is 6% above the Boston-Cambridge-Quincy, MA-NH area-wide FMR of $3,008.

2-bedroom SAFMR$3,180per month ▲ 4.6%

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

Rank in the area65thof 259 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,862

2 BR Small Area FMR$3,180

110% of SAFMR$3,498

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

Studio$2,580▲ 5.7%

1 BR$2,660▲ 3.9%

2 BR$3,180▲ 4.6%

3 BR$3,790▲ 4.1%

4 BR$4,180▲ 3.7%

FY2027 FY2026

Where 02494 sits in the Boston-Cambridge-Quincy, MA-NH area

Of the 259 ZIP codes HUD lists for the area, 02494 has the 65th 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 $3,180 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	$2,580	$2,322 – $2,838	$2,440	$2,440
1 bedroom	$2,660	$2,394 – $2,926	$2,518	$2,560
2 bedrooms	$3,180	$2,862 – $3,498	$3,008	$3,040
3 bedrooms	$3,790	$3,411 – $4,169	$3,584	$3,640
4 bedrooms	$4,180	$3,762 – $4,598	$3,953	$4,030

A household renting a two-bedroom home at the Small Area FMR of $3,180 needs about $127,200 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 02494 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
02464	Newton Upper Falls	1.2 mi	$3,370
02492	Needham	1.7 mi	$3,570
02461	Newton Highlands	1.8 mi	$4,340
02468	Waban	2.0 mi	$3,830
02457	Babson Park	2.1 mi	$4,010
02459	Newton Center	2.3 mi	$3,300

Questions

What is the Fair Market Rent for ZIP code 02494?

HUD's FY2027 Small Area Fair Market Rents for 02494 are $2,580 (studio), $2,660 (1 BR), $3,180 (2 BR), $3,790 (3 BR) and $4,180 (4 BR) a month.

What is the Section 8 payment standard in 02494?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02494 that range is $2,862 to $3,498 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02494?

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.