Location: Pittsfield, MA | Metro: Pittsfield, MA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,910 |
| 5 Bedrooms | $3,376 |
| 6 Bedrooms | $3,781 |
| 7 Bedrooms | $4,083 |
| 8 Bedrooms | $4,287 |
To classify ZIP code 01202 in Massachusetts, we must consider the available data points: the Fair Market Rent (FMR) for the fiscal year 2024, which is $1410, and the lack of data for market values, home values, renter percentages, days on market (DOM), and income levels.
The FMR figure of $1410 provides insight into the rental market's potential yield. However, without comparative figures for market values and home values, it's challenging to determine if this ZIP code represents a high-yield opportunity relative to investment costs. The absence of these figures means that while there's a known rental income benchmark, the cost basis for investments remains unknown, making precise yield calculations impossible.
Regarding stability, the ZIP code lacks critical data points such as the percentage of renters, average DOM, and median income levels. These metrics would typically indicate the reliability of rental income and the speed at which properties can be rented out, reflecting broader economic conditions and housing demand. Without these specifics, assessing the stability of the rental market in ZIP 01202 is speculative.
Conclusion: Based on the available data, ZIP 01202 cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The FMR of $1410 suggests a moderate rental income potential, but the missing data on market and home values prevent an accurate yield assessment. Similarly, the lack of information on renter demographics and local economic indicators hinders a comprehensive evaluation of market stability.
To make a more informed decision, landlords and small-portfolio investors should seek additional local market data to fill in the gaps regarding property values, tenant demographics, and economic health. This will provide a clearer picture of both the yield and stability prospects in ZIP 01202.
Data Sources: FMR data from HUD (2027).
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.