Section 8 Fair Market Rent (FMR) for ZIP 02561 - 2027
Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,790 |
| 1 Bedroom | $1,810 |
| 2 Bedrooms | $2,360 |
| 3 Bedrooms | $2,960 |
| 4 Bedrooms | $3,520 |
| 5 Bedrooms | $4,083 |
| 6 Bedrooms | $4,573 |
| 7 Bedrooms | $4,939 |
| 8 Bedrooms | $5,186 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 02561 for Section 8 investment, follow this decision tree:
- Does the Fair Market Rent (FMR) of $2250 cover debt service on a property?
- If yes: Proceed to the next question.
- If no: This ZIP code is not suitable for Section 8 investment due to insufficient rental income to cover expenses.
- Is the market rent above, at, or below the FMR of $2250?
- If market rent is above $2250: It depends on your ability to find properties that can be rented out at the FMR while still covering costs. High market rents suggest strong demand, but you must ensure Section 8 rates are sufficient.
- If market rent is at $2250: Yes, this ZIP code is suitable for Section 8 investment. The market aligns with the FMR, indicating stable demand and income.
- If market rent is below $2250: Yes, this ZIP code is suitable for Section 8 investment. Section 8 rates will provide higher rental income than the market, making it attractive for landlords.
- Are 41.4% of residents renters and do they have an average Days on Market (DOM) that indicates sufficient demand?
- If the average DOM is low (e.g., under 30 days): Yes, there is sufficient demand. With a significant portion of residents renting and quick turnover times, the investment is likely to be profitable.
- If the average DOM is moderate (e.g., between 30-60 days): It depends on the specific property and location within the ZIP code. While there is still demand, it might take longer to find tenants, affecting cash flow.
- If the average DOM is high (e.g., over 60 days): No, the demand is too low. High DOM suggests difficulty in finding tenants, which could lead to prolonged vacancy periods and reduced profitability.
The key to investing in ZIP 02561 under Section 8 lies in balancing the FMR against your debt service needs and understanding the local rental market dynamics. Ensure you have accurate market rent data and consider the percentage of renters and DOM when making your decision.
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.