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RentData.org Logo Springfield Fair Market Rent FY 2016 Springfield, MA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Springfield, MA :
$633 $803 $1,001 $1,242 $1,461
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Springfield are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Springfield is $1,001 per month.

The previous year, rent for a two-bedroom home was $924 per month. This is a 8.33% increase year-over-year.

This FMR rate applies to Buckland, MA, Lake Pleasant, MA, Middlefield, MA, Heath, MA, North Hatfield, MA, Monroe Bridge, MA, North Amherst, MA, West Chesterfield, MA, Wendell Depot, MA, West Hatfield, MA and other cities within the region. The Metro Code or CBSA code for this region is METRO44140M44140.

Additionally, This Fair Market Rent (FMR) area Springfield, MA HUD Metro FMR Area spans forty-four counties or cities in Massachusetts which ares listed in the table below. Estimated population of Springfield, MA HUD Metro FMR Area FMR area is 625,254 people based on latest Census data.

Compared to the rest of Massachusetts, the Springfield FMR area is less expensive than 62% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Springfield. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Springfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 672
1-BR 1-Bedroom $ 852
2-BR 2-Bedroom $ 1062
3-BR 3-Bedroom $ 1318
4-BR 4-Bedroom $ 1550
Change Year:

The counties, cities, towns, and regions listed below fall into the Springfield, MA HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Springfield - Holyoke and Boston (Manchester).

County / Region Est. Population
Sunderland town, MA Metro 3,684
Wilbraham town, MA Metro 14,219
West Springfield Town city, MA Metro 28,391
Westfield city, MA Metro 41,094
Wales town, MA Metro 1,838
Tolland town, MA Metro 485
Springfield city, MA Metro 153,060
Southwick town, MA Metro 9,502
Russell town, MA Metro 1,775
Palmer Town city, MA Metro 12,140
Montgomery town, MA Metro 838
Monson town, MA Metro 8,560
Ludlow town, MA Metro 21,103
Longmeadow town, MA Metro 15,784
Holyoke city, MA Metro 39,880
Holland town, MA Metro 2,481
Hampden town, MA Metro 5,139
Granville town, MA Metro 1,566
East Longmeadow town, MA Metro 15,720
Chicopee city, MA Metro 55,298
Chester town, MA Metro 1,337
Brimfield town, MA Metro 3,609
Blandford town, MA Metro 1,233
Agawam Town city, MA Metro 28,438
Worthington town, MA Metro 1,156
Williamsburg town, MA Metro 2,482
Westhampton town, MA Metro 1,607
Ware town, MA Metro 9,872
South Hadley town, MA Metro 17,514
Southampton town, MA Metro 5,792
Plainfield town, MA Metro 648
Pelham town, MA Metro 1,321
Northampton city, MA Metro 28,549
Middlefield town, MA Metro 521
Huntington town, MA Metro 2,180
Hatfield town, MA Metro 3,279
Hadley town, MA Metro 5,250
Granby town, MA Metro 6,240
Goshen town, MA Metro 1,054
Easthampton Town city, MA Metro 16,053
Cummington town, MA Metro 872
Chesterfield town, MA Metro 1,222
Belchertown town, MA Metro 14,649
Amherst town, MA Metro 37,819
Zip Codes in Springfield, MA HUD Metro FMR Area

There are 105 unique zip codes in this Fair Market Rent (FMR) area:

01001, 01002, 01003, 01004, 01007, 01009, 01010, 01012, 01013, 01014, 01020, 01021, 01022, 01027, 01028, 01030, 01032, 01033, 01034, 01035, 01036, 01038, 01039, 01040, 01041, 01050, 01053, 01054, 01056, 01057, 01059, 01060, 01061, 01062, 01063, 01066, 01069, 01071, 01072, 01073, 01075, 01077, 01079, 01080, 01081, 01082, 01084, 01085, 01088, 01089, 01090, 01093, 01095, 01096, 01098, 01101, 01103, 01104, 01105, 01106, 01107, 01108, 01109, 01111, 01115, 01116, 01118, 01119, 01128, 01129, 01138, 01139, 01144, 01151, 01152, 01199, 01243, 01301, 01302, 01330, 01331, 01337, 01338, 01339, 01340, 01341, 01342, 01344, 01346, 01347, 01349, 01350, 01351, 01354, 01355, 01360, 01364, 01370, 01373, 01375, 01376, 01378, 01379, 01380 and 01521

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