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Housing market/Massachusetts/ZIP 02478

ACS 2023 · FY2027 SAFMR

ZIP 02478 Belmont, Massachusetts

Boston-Cambridge-Quincy, MA-NH 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
26,966
Households
10,336
Median HH income
$177,790
Renter share
35.6%
Median gross rent
$2,382
Vacancy
4.4%
Pop. change
+3.6%
2BR SAFMR
$3,400
SAFMR / rent
1.427×
2–49 unit stock
4,626
LIHTC proj / units
1 / 40
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02478 · MA — sent to you.

ZIP 02478 · MA

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ACS rent vs 2BR SAFMR

ZIP 02478 — Belmont, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,382
2BR SAFMR$3,400
90% floor$3,060
110% ceiling$3,740

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02478

  • 1-unit detached4,94345.7%
  • 1-unit attached6446.0%
  • 2–4 units4,11238.0%
  • 5–49 units5144.8%
  • 50+ units5985.5%
TypeUnitsShare
1-unit detached4,94345.7%
1-unit attached6446.0%
2 units (duplex)3,21029.7%
3–4 units9028.3%
5–9 units1651.5%
10–19 units1691.6%
20–49 units1801.7%
50+ units5985.5%
Mobile00.0%

2–4 unit share 38.0% · 5–49 unit share 4.8% · combined 2–49 42.8%.

Units by bedrooms

Studio
96
1BR
862
2BR
3,366
3BR
3,123
4BR
2,435
5+
929

Rent burden

Rent ≥30% of income38.5%
Rent ≥50% of income15.8%
  • ACS median gross rent $2,382 (all bedrooms, occupied rentals).
  • Median contract rent $2,239.
  • Renters paying ≥30% of income 38.5%; ≥50% 15.8%.
  • FY2027 2BR SAFMR $3,400 (1.427× ACS median gross rent).

Population

26,966 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.6%.

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

Assisted inventory

  • LIHTC: 1 projects, 40 units.
  • 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 02478 35.6% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $2,382; population increased +3.6% between the 2018 and 2023 ACS vintages; the housing stock includes 4,112 units in 2–4-unit structures and 514 units in 5–49-unit structures; 1 LIHTC projects totaling 40 units; FY2027 2BR SAFMR is $3,400 versus ACS median gross rent of $2,382. 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 02478 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02478 — Belmont, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

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 02478?

ZIP 02478 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 26,966 residents, 10,336 households, a renter share of 35.6%, median household income of $177,790, and ACS 2023 median gross rent of $2,382. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02478?

ACS counts 3,210 units in 2-unit buildings, 902 in 3–4 unit buildings, 165 in 5–9, 169 in 10–19, and 180 in 20–49. Combined 2–49 unit stock is 4,626 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02478?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,400. See the full schedule and 90–110% payment-standard band on the ZIP 02478 — Belmont, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02478 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH 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.