Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,900 |
| 1 Bedroom | $1,910 |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | $3,140 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,140 | $753,186 | 0.42% | F |
U.S. Census Bureau data (2024)
11.4% of residents in ZIP code 02562 are renters, indicating a moderate demand for rental properties. However, the $1,923 market rent, as reported by the Census ACS, suggests that there is a significant gap between what tenants can afford and the actual rental prices. The $2070 Fair Market Rent (FMR) for the zip code in fiscal year 2024 highlights the upper limit for rental assistance under the Section 8 program, which is slightly above the current market rent. This means that landlords participating in Section 8 can expect to receive close to market rates without having to reduce their asking prices significantly.
$705,616 is the median home value in 02562, reflecting a relatively high cost of living in the area. Despite this, the $120,000 median income indicates that many households may struggle to meet these costs, making affordable housing options like those supported by Section 8 particularly attractive to potential tenants. The absence of specific data on days on market (DOM) and the percentage of price-cut share suggests stability in the local real estate market, with minimal fluctuations in property values and rental prices.
The alignment between the market rent and the FMR at $1,923 and $2070 respectively, implies that landlords in ZIP 02562 can effectively leverage the Section 8 program to fill vacancies without substantial financial loss. Given the high median home value and the moderate median income, Section 8 remains a viable option for providing affordable housing while ensuring landlords receive fair compensation. Therefore, for landlords and small-portfolio investors in ZIP 02562, participating in the Section 8 program is a prudent strategy to maintain occupancy rates and financial viability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.