Location: Amherst Town-Northampton, MA | Metro: Amherst Town-Northampton, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,930 |
| 4 Bedrooms | $3,120 |
| 5 Bedrooms | $3,619 |
| 6 Bedrooms | $4,053 |
| 7 Bedrooms | $4,377 |
| 8 Bedrooms | $4,596 |
U.S. Census Bureau data (2024)
ZIP code 01066, located in Deerfield, DE, has a population of 115 individuals. The data indicates that 0.0% of the residents are renters, suggesting that this is primarily a homeowner-dominated area. As a result, there is likely to be very little demand for Section 8 tenants in this ZIP code. The lack of rental properties means that market rent figures are not available, making it impossible to calculate the percentage of local income that goes toward rent.
The Fair Market Rent (FMR) for ZIP 01066, as determined by HUD for FY 2024, is set at $1360. This figure represents the maximum amount that a Section 8 voucher can cover for rent in the area. However, without specific income levels or market rent data, it's difficult to provide an accurate comparison between local incomes and the FMR. Landlords in this area should anticipate minimal interest from Section 8 tenants due to the low number of renters and the scarcity of voucher holders.
A landlord in ZIP 01066 should expect a tenant profile that predominantly consists of homeowners rather than renters. Given the homeowner-dominated nature of the area, those seeking to rent would likely be few and far between, and any who do might have higher incomes relative to the FMR, reducing their reliance on rental assistance programs such as Section 8. The focus for real estate investment in this ZIP code should be on properties suitable for owner-occupancy rather than rental income.
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.