01199 Springfield, MA Fair Market Rent

What the FMR for ZIP 01199 actually means

HUD publishes ZIP-level Small Area FMRs in designated metros. Our load has no SAFMR row for ZIP 01199, so we show the FMR-area schedule for Hampden: $1,382 1-bedroom, studio $1,219, 2-bedroom $1,734, 3-bedroom $2,127, 4-bedroom $2,296. Other ZIPs in the same FMR area share this schedule until a SAFMR row is available. These are 40th-percentile gross rents, not live asking rents.

Without SAFMR for this ZIP, every ZIP mapped to Hampden's FMR area shares the same baseline figures even when street-level market rents differ. Against the national benchmark the 1-bedroom FMR-area figure is 44% above the US average of $959, and 23% below the MA state average of $1,796. Year-over-year, the 1-bedroom moved up14.7% from FY 2025 ($1,205) to FY 2026.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $1,382, that implies a household income of $55,280 per year (about $4,607/month) to avoid being cost-burdened, a 2-bedroom at $1,734 lifts that threshold higher still. The ratio of FMR to local wages is the simplest test of whether a renter can live here without being cost-burdened.