Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Franklin County Fair Market Rent FY 2023 Franklin County, MA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Franklin County, MA :
$856 $988 $1,280 $1,586 $1,831
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Franklin County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $1,280 per month.

The previous year, rent for a two-bedroom home was $1,160 per month. This is a 10.34% increase year-over-year.

This FMR rate applies to Heath, MA, Lake Pleasant, MA, Monroe Bridge, MA, Wendell Depot, MA, Buckland, MA, Whately, MA, Warwick, MA, Wendell, MA, Millers Falls, MA, New Salem, MA and other cities within the region. The Metro Code or CBSA code for this region is METRO44140M25011.

Additionally, This Fair Market Rent (FMR) area Franklin County, MA HUD Metro FMR Area spans twenty-six counties or cities in which ares listed in the table below. Estimated population of Franklin County, MA HUD Metro FMR Area FMR area is 70,529 people based on latest Census data.

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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 Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

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 $ 923
1-BR 1-Bedroom $ 1066
2-BR 2-Bedroom $ 1381
3-BR 3-Bedroom $ 1711
4-BR 4-Bedroom $ 1975
Change Year:

The counties, cities, towns, and regions listed below fall into the Franklin County, 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
Ashfield town, MA Metro 1,793
Bernardston town, MA Metro 2,014
Buckland town, MA Metro 2,063
Charlemont town, MA Metro 1,090
Colrain town, MA Metro 1,772
Conway town, MA Metro 1,854
Deerfield town, MA Metro 5,029
Erving town, MA Metro 1,673
Gill town, MA Metro 1,732
Greenfield city, MA Metro 17,353
Hawley town, MA Metro 421
Heath town, MA Metro 671
Leverett town, MA Metro 1,875
Leyden town, MA Metro 686
Monroe town, MA Metro 100
Montague town, MA Metro 8,251
New Salem town, MA Metro 1,067
Northfield town, MA Metro 2,973
Orange town, MA Metro 7,630
Rowe town, MA Metro 445
Shelburne town, MA Metro 1,411
Shutesbury town, MA Metro 1,885
Sunderland town, MA Metro 3,643
Warwick town, MA Metro 743
Wendell town, MA Metro 867
Whately town, MA Metro 1,488
Zip Codes in Franklin County, MA HUD Metro FMR Area

There are 33 unique zip codes in this Fair Market Rent (FMR) area:

01002, 01039, 01054, 01072, 01093, 01096, 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 and 01380

Lookup Fair Market Rent by Zip Code
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