What is the Fair Market Rent for a 2-bedroom in Springfield, MA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Springfield, MA HUD Metro FMR Area is $1,094 per month for fiscal year 2022. The studio FMR is $727, 1-bedroom is $874, 3-bedroom is $1,353, and 4-bedroom is $1,623.

What income do you need to afford the FMR in Springfield, MA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $43,760 per year ($3,647 per month) to afford the FY2022 2-bedroom Fair Market Rent of $1,094 in Springfield, MA HUD Metro FMR Area.

FY2022 Fair Market Rents — Springfield, MA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2022 in this area are:

Studio

$727

1BR

$874

2BR

$1,094

3BR

$1,353

4BR

$1,623

Hours/week at min wage

57 hrs

to afford the 2BR FMR @ $15.00/hr (MA)

YoY change (2BR)

-3.1%

$35 vs FY2021 · 5-yr +3.5%

Voucher payment standard

$985–$1,203

PHAs set HCV payment at 90–110% of the 2BR FMR

Springfield, MA HUD Metro FMR Area

Non-Metropolitan area · MA · View full history · Income limits · LIHTC rents

FY2022 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$727	$8,724
1-Bedroom	$874	$10,488
2-Bedroom	$1,094	$13,128
3-Bedroom	$1,353	$16,236
4-Bedroom	$1,623	$19,476

Recent 2-Bedroom FMR Trend

FY2017 $1,057 → FY2022 $1,094

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2022	$727	$874	$1,094	$1,353	$1,623
FY2021	$745	$891	$1,129	$1,404	$1,648
FY2020	$737	$875	$1,115	$1,389	$1,611
FY2019	$702	$831	$1,061	$1,329	$1,521
FY2018	$739	$884	$1,117	$1,400	$1,627
FY2017	$701	$844	$1,057	$1,322	$1,568

View full FMR history back to FY2000 →

FY2022 Income Limits

Area Median Income (AMI): $91,200

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$19,800	$22,600	$25,450	$28,250	$32,470	$37,190
50% AMI (Very Low)	$32,950	$37,650	$42,350	$47,050	$50,850	$54,600
80% AMI (Low)	$52,750	$60,250	$67,800	$75,300	$81,350	$87,350

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$13,128/yr

FMR as % of Area Median Income

14.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$43,760/yr

$3,647/mo gross income

FY2022 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$797	$912	$1,026	$1,231	$1,322
60% AMI Maximum	$957	$1,094	$1,231	$1,477	$1,586

FY2022 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$727	$874	$1,094	$1,353	$1,482
Low HOME Rent	$823	$941	$1,058	$1,176	$1,271

Compare Springfield, MA HUD Metro FMR Area With Other MA Metros

vs. Amherst Town-Northampton, MA MSA vs. Barnstable Town, MA MSA vs. Berkshire County, MA (part) HUD Metro FMR Area vs. Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area vs. Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area