FY2020 Fair Market Rents — Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2020 in this area are:

Studio
$1,715
1BR
$1,900
2BR
$2,311
3BR
$2,880
4BR
$3,131
Hours/week at min wage
119 hrs
to afford the 2BR FMR @ $15.00/hr (MA)
YoY change (2BR)
+21.5%
+$409 vs FY2019
Voucher payment standard
$2,080–$2,542
PHAs set HCV payment at 90–110% of the 2BR FMR

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area

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

FY2020 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,715 $20,580
1-Bedroom $1,900 $22,800
2-Bedroom $2,311 $27,732
3-Bedroom $2,880 $34,560
4-Bedroom $3,131 $37,572

Recent 2-Bedroom FMR Trend

FY2017 $1,691 → FY2020 $2,311
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2020 $1,715 $1,900 $2,311 $2,880 $3,131
FY2019 $1,394 $1,561 $1,902 $2,383 $2,571
FY2018 $1,253 $1,421 $1,740 $2,182 $2,370
FY2017 $1,194 $1,372 $1,691 $2,116 $2,331

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $120,800

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $28,200 $32,200 $36,250 $40,250 $43,500 $46,700
50% AMI (Very Low) $47,000 $53,700 $60,400 $67,100 $72,500 $77,850
80% AMI (Low) $70,750 $80,850 $90,950 $101,050 $109,150 $117,250

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$27,732/yr
FMR as % of Area Median Income
23% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$92,440/yr
$7,703/mo gross income

FY2021 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 $1,057 $1,208 $1,359 $1,630 $1,751
60% AMI Maximum $1,268 $1,449 $1,630 $1,956 $2,101

FY2020 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 $1,715 $1,900 $1,933 $1,933 $1,933
Low HOME Rent $1,120 $1,280 $1,440 $1,598 $1,727

Compare Boston-Cambridge-Quincy, MA-NH 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

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