FY2026 Fair Market Rents — Essex County
Studio
$2,359
1BR
$2,476
2BR
$2,941
3BR
$3,526
4BR
$3,894
Essex County, Massachusetts
FIPS 25009 · County-level FMR and income limit data
FMR Area: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $2,359 | $28,308 |
| 1-Bedroom | $2,476 | $29,712 |
| 2-Bedroom | $2,941 | $35,292 |
| 3-Bedroom | $3,526 | $42,312 |
| 4-Bedroom | $3,894 | $46,728 |
To afford the FY2026 2-bedroom FMR of $2,941/mo under the 30%-of-income rule, a household needs about
$117,640/yr ($9,803/mo). Area Median Income is $164,600.
At MA's state minimum wage of $15.00/hr, a worker would need to work 151 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $2,359 | $2,476 | $2,941 | $3,526 | $3,894 |
| FY2025 | $2,263 | $2,394 | $2,837 | $3,418 | $3,761 |
| FY2024 | $2,212 | $2,377 | $2,827 | $3,418 | $3,765 |
| FY2023 | $2,025 | $2,198 | $2,635 | $3,207 | $3,540 |
| FY2022 | $1,803 | $1,986 | $2,399 | $2,966 | $3,253 |
| FY2021 | $1,742 | $1,924 | $2,336 | $2,906 | $3,168 |
| FY2020 | $1,715 | $1,900 | $2,311 | $2,880 | $3,131 |
FY2026 Income Limits
Area Median Income: $164,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $36,000 | $41,150 | $46,300 | $51,400 | $55,550 | $59,650 |
| 50% AMI | $60,000 | $68,600 | $77,150 | $85,700 | $92,600 | $99,450 |
| 80% AMI | $96,000 | $109,700 | $123,400 | $137,100 | $148,100 | $159,050 |