Location: Amherst Town-Northampton, MA | Metro: Amherst Town-Northampton, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,120 |
| 1 Bedroom | $2,390 |
| 2 Bedrooms | $3,050 |
| 3 Bedrooms | $3,990 |
| 4 Bedrooms | $4,150 |
| 5 Bedrooms | $4,814 |
| 6 Bedrooms | $5,392 |
| 7 Bedrooms | $5,823 |
| 8 Bedrooms | $6,114 |
U.S. Census Bureau data (2024)
The classification of ZIP code 01003 in Franklin, DE, hinges on its rental market dynamics and the financial metrics associated with it. With a Fair Market Rent (FMR) of $1770 for fiscal year 2024, the area stands out as a potential high-yield market when compared to the average market rent of $2,643. This suggests that landlords can expect a higher return on investment relative to the cost of housing, making it an attractive option for those looking to maximize rental income.
However, the stability of the market is less clear due to limited data. The ZIP code boasts a 100.0% renter occupancy rate, which indicates a strong demand for rental properties. Yet, the lack of specific days on market (DOM) and median income figures makes it challenging to fully assess the stability and potential risks involved in the area.
In the absence of detailed income data and DOM statistics, the analysis leans towards characterizing ZIP 01003 as a high-yield but potentially unstable market. The significant disparity between the FMR and market rent suggests a robust opportunity for landlords who can manage their properties effectively and navigate any potential fluctuations in the rental market.
To provide a more precise classification, further investigation into the local economy and employment trends would be beneficial. Additionally, understanding the DOM can help in gauging how quickly properties are rented out, which is crucial for assessing cash flow consistency and the overall stability of the investment.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.