FY2021 Fair Market Rents — Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio
$1,742
1BR
$1,924
2BR
$2,336
3BR
$2,906
4BR
$3,168
Hours/week at min wage
120 hrs
to afford the 2BR FMR @ $15.00/hr (MA)
YoY change (2BR)
+1.1%
+$25 vs FY2020
Voucher payment standard
$2,102–$2,570
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

FY2021 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,742 $20,904
1-Bedroom $1,924 $23,088
2-Bedroom $2,336 $28,032
3-Bedroom $2,906 $34,872
4-Bedroom $3,168 $38,016

Recent 2-Bedroom FMR Trend

FY2017 $1,691 → FY2021 $2,336
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2021 $1,742 $1,924 $2,336 $2,906 $3,168
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
$28,032/yr
FMR as % of Area Median Income
23.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$93,440/yr
$7,787/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

FY2021 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 $1,742 $1,924 $1,963 $1,963 $1,963
Low HOME Rent $1,175 $1,342 $1,510 $1,677 $1,812

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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