FY2026 Fair Market Rents — Springfield, MA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,382
1BR
$1,580
2BR
$2,004
3BR
$2,504
4BR
$2,702
Hours/week at min wage
103 hrs
to afford the 2BR FMR @ $15.00/hr (MA)
YoY change (2BR)
+34%
+$508 vs FY2025 · 5-yr +77.5%
Voucher payment standard
$1,804–$2,204
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

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,382 $16,584
1-Bedroom $1,580 $18,960
2-Bedroom $2,004 $24,048
3-Bedroom $2,504 $30,048
4-Bedroom $2,702 $32,424

Recent 2-Bedroom FMR Trend

FY2020 $1,115 → FY2026 $2,004
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,382 $1,580 $2,004 $2,504 $2,702
FY2025 $1,044 $1,205 $1,496 $1,823 $2,037
FY2024 $934 $1,115 $1,375 $1,669 $1,954
FY2023 $818 $987 $1,223 $1,497 $1,799
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

View full FMR history back to FY2000 →

FY2025 Income Limits

Area Median Income (AMI): $119,000

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $25,150 $28,750 $32,350 $35,900 $38,800 $43,150
50% AMI (Very Low) $41,850 $47,800 $53,850 $59,800 $64,600 $69,400
80% AMI (Low) $67,000 $76,550 $86,100 $95,650 $103,350 $111,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$24,048/yr
FMR as % of Area Median Income
20.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$80,160/yr
$6,680/mo gross income

FY2025 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 $1,041 $1,190 $1,338 $1,606 $1,725
60% AMI Maximum $1,249 $1,428 $1,606 $1,927 $2,070

FY2025 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 $1,044 $1,205 $1,496 $1,823 $1,933
Low HOME Rent $1,046 $1,195 $1,346 $1,495 $1,615

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

Counties in This FMR Area

Related Pages