Location: Amherst Town-Northampton, MA | Metro: Amherst Town-Northampton, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
U.S. Census Bureau data (2024)
The market dynamics in ZIP code 01084, located in Deerfield, DE, reveal a snapshot of an evolving rental landscape. With the Fair Market Rent (FMR) set at $1280 for the fiscal year 2024, landlords and small-portfolio investors have a clear benchmark for pricing their units. The lack of reported market rent suggests that the official data may not fully capture the local nuances, indicating a potential gap between FMR and actual rents charged.
The absence of specific metrics such as the percentage of price-cut share, days on market (DOM), and median home value points to a less volatile market, but also underscores the need for further investigation into local trends. This could mean that the market is relatively stable, with properties either renting quickly or holding steady without significant discounts.
A critical factor to consider is the 5.6% renter share. While this figure indicates a smaller proportion of renters compared to homeowners, it signals a long-term housing pressure. In markets with a low renter share, there is often a latent demand for rentals that can emerge under certain conditions, such as economic changes, population shifts, or increased housing costs. This makes ZIP 01084 a market ripe for strategic investment, particularly for those who can identify and cater to niche rental needs.
The relatively low renter share suggests that many residents prefer owning homes over renting, which might indicate a strong sense of community stability. However, it also implies that there could be a growing number of individuals seeking rental options as they navigate life transitions, such as students, young professionals, or families looking for temporary solutions. Landlords should focus on creating rental offerings that meet these needs, potentially positioning themselves to capitalize on future shifts in the market.
In conclusion, ZIP 01084 presents a market in motion, characterized by a clear FMR benchmark and a smaller yet significant renter share. These factors suggest a balanced market with room for strategic growth, especially for those who can adapt to changing local dynamics and emerging rental demands.
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.