Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,720 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,270 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
U.S. Census Bureau data (2024)
The classification of ZIP code 02553 in Massachusetts hinges significantly on the available data points, particularly the Family Monthly Rent (FMR) of $2130 for fiscal year 2024. This figure represents the Fair Market Rent set by HUD, which is crucial for understanding the potential rental income in this area.
Given that there is no market rent or home value data available, it's challenging to assess the yield relative to typical market conditions. However, the FMR can be used as a benchmark for rental pricing. Landlords should aim to keep their rents competitive but close to this figure to maximize returns without alienating potential tenants.
On the stability axis, the data reveals that there are currently 0.0% renters in ZIP 02553, which is an unusual statistic and suggests that either the area is primarily owner-occupied or there is a significant underreporting issue. The lack of data on days on market (DOM) and median income further complicates the analysis, indicating that additional research is necessary to fully gauge the economic health and tenant turnover rate in this area.
Based on the available data, ZIP 02553 does not fit neatly into a high-yield/low-stability "flip-style" market or a steady-cashflow zone. The absence of key metrics such as market rent, home values, and median income means that the market dynamics are unclear. To make a more informed decision, landlords and small-portfolio investors would need to conduct further investigation into local rental trends and property values.
To summarize, while the FMR of $2130 offers a clear guideline for rental pricing, the missing data on renters, DOM, and income prevents a definitive classification of the market's stability and yield. Additional data collection and analysis are recommended before making investment decisions in this ZIP code.
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.