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Housing market/Massachusetts/ZIP 01862

ACS 2023 · FY2027 SAFMR

ZIP 01862 North Billerica, Massachusetts

Lowell, MA HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
11,703
Households
4,247
Median HH income
$131,214
Renter share
29.4%
Median gross rent
$1,881
Vacancy
0.4%
Pop. change
+14.5%
2BR SAFMR
$2,580
SAFMR / rent
1.372×
2–49 unit stock
993
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 01862 · MA — sent to you.

ZIP 01862 · MA

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ACS rent vs 2BR SAFMR

ZIP 01862 — North Billerica, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,881
2BR SAFMR$2,580
90% floor$2,322
110% ceiling$2,838

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 01862

  • 1-unit detached2,45957.7%
  • 1-unit attached3849.0%
  • 2–4 units3448.1%
  • 5–49 units64915.2%
  • 50+ units2515.9%
  • Mobile1764.1%
TypeUnitsShare
1-unit detached2,45957.7%
1-unit attached3849.0%
2 units (duplex)1513.5%
3–4 units1934.5%
5–9 units360.8%
10–19 units1273.0%
20–49 units48611.4%
50+ units2515.9%
Mobile1764.1%

2–4 unit share 8.1% · 5–49 unit share 15.2% · combined 2–49 23.3%.

Units by bedrooms

Studio
75
1BR
406
2BR
1,405
3BR
1,668
4BR
522
5+
187

Rent burden

Rent ≥30% of income42.8%
Rent ≥50% of income21.7%
  • ACS median gross rent $1,881 (all bedrooms, occupied rentals).
  • Median contract rent $1,804.
  • Renters paying ≥30% of income 42.8%; ≥50% 21.7%.
  • FY2027 2BR SAFMR $2,580 (1.372× ACS median gross rent).

Population

11,703 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +14.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,372 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 01862 29.4% of occupied households are renters; vacancy is 0.4%; ACS median gross rent is $1,881; population increased +14.5% between the 2018 and 2023 ACS vintages; the housing stock includes 344 units in 2–4-unit structures and 649 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,580 versus ACS median gross rent of $1,881. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 01862 is a Census / HUD profile for Lowell, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01862 — North Billerica, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01432Lowell, MA HUD Metro FMR Area29.6%$1,373$2,65001450Lowell, MA HUD Metro FMR Area10.4%$1,521$2,65001460Lowell, MA HUD Metro FMR Area15.5%$1,542$2,81001463Lowell, MA HUD Metro FMR Area16.9%$1,303$2,65001472Lowell, MA HUD Metro FMR Area——$2,98001730Lowell, MA HUD Metro FMR Area29.2%$2,430$3,44001741Lowell, MA HUD Metro FMR Area5.9%$1,409$3,07001810Lowell, MA HUD Metro FMR Area19.5%$2,046$3,07001821Lowell, MA HUD Metro FMR Area18.9%$2,211$3,05001822Lowell, MA HUD Metro FMR Area——$2,98001824Lowell, MA HUD Metro FMR Area17.3%$2,076$2,93001826Lowell, MA HUD Metro FMR Area20.2%$1,740$2,390

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 01862?

ZIP 01862 (Lowell, MA HUD Metro FMR Area) has 11,703 residents, 4,247 households, a renter share of 29.4%, median household income of $131,214, and ACS 2023 median gross rent of $1,881. Vacancy is 0.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01862?

ACS counts 151 units in 2-unit buildings, 193 in 3–4 unit buildings, 36 in 5–9, 127 in 10–19, and 486 in 20–49. Combined 2–49 unit stock is 993 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01862?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,580. See the full schedule and 90–110% payment-standard band on the ZIP 01862 — North Billerica, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01862 is Census / HUD research for Lowell, MA HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.