Section 8 Fair Market Rent (FMR) for ZIP 02559 - 2027

Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA

Investment Score for ZIP 02559

N/A

Monthly Rent (2BR)

$2,490

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,890
1 Bedroom	$1,900
2 Bedrooms	$2,490
3 Bedrooms	$3,120
4 Bedrooms	$3,720
5 Bedrooms	$4,315
6 Bedrooms	$4,833
7 Bedrooms	$5,220
8 Bedrooms	$5,481

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$3,120	$747,483	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,802

Median Household Income

$90,855

Housing Units

2,516

Renter Percentage

20.2%

Occupancy Rate

55.4%

Renter Occupied

282

The ZIP code 02559, located within the Barnstable Town, MA MSA, presents a unique profile when compared against typical ZIP codes in its metro area. With an FMR (Fair Market Rent) of $2260 for the fiscal year 2024, it stands significantly above the average market rent of $687. This indicates that federally subsidized housing in this ZIP code is priced at a level that reflects higher rental costs overall.

The median home value in ZIP 02559 is listed at $754,039, which is notably higher than what might be considered average for the broader Barnstable Town, MA MSA. This suggests that 02559 is likely a premium sub-market within the larger metro area, characterized by higher-end residential properties.

Despite the high home values, the ZIP code has a renter share of 20.2%. While this percentage is relatively low compared to many urban areas, it still represents a significant portion of the population that relies on rental housing. The combination of a moderate renter share with high home values does not necessarily indicate a Section 8 sweet spot, but rather a diverse housing market where both homeownership and renting coexist.

To further contextualize 02559's position within the Barnstable Town, MA MSA, consider the following:

FMR vs. Market Rent: The substantial gap between the FMR and the market rent points to a ZIP code where federally supported rents can cover a significant portion of the local rental market. This could be advantageous for landlords participating in Section 8 programs, as it aligns well with the higher end of the rental spectrum.
Home Values: The elevated home values suggest a ZIP code with a strong economy and desirable living conditions, attracting a mix of high-income residents and possibly retirees who prefer the amenities and lifestyle offered by this area.
Renter Share: The lower-than-average renter share might imply that 02559 is less reliant on rental housing than other parts of the metro, potentially making it a less competitive area for landlords seeking tenants outside of Section 8 programs.

In summary, ZIP 02559 appears to be a premium sub-market within the Barnstable Town, MA MSA, marked by high home values and a fair market rent that is considerably above the local market rent. The presence of a notable renter share, albeit not exceedingly high, combined with the high FMR, positions it as a favorable location for Section 8 participation, especially for those looking to capitalize on higher rental rates.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.