Location: Dukes County, MA | Metro: Taunton-Mansfield-Norton, MA HUD Metro FMR Area
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 | $1,920 |
| 1 Bedroom | $2,110 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,830 |
| 4 Bedrooms | $4,270 |
| 5 Bedrooms | $4,953 |
| 6 Bedrooms | $5,547 |
| 7 Bedrooms | $5,991 |
| 8 Bedrooms | $6,291 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,110 | $790,108 | 0.27% | F |
| 2BR | $2,760 | $1,023,962 | 0.27% | F |
| 3BR | $3,830 | $1,255,239 | 0.31% | F |
| 4BR | $4,270 | $1,664,438 | 0.26% | F |
| 5BR | $4,953 | $2,658,154 | 0.19% | F |
U.S. Census Bureau data (2024)
The ZIP code 02568, located in Tisbury, MA, comprises a population of 9,412 individuals. With 21.5% of the residents being renters, it indicates that this area is primarily dominated by homeowners rather than renters. This demographic suggests that the demand for rental properties, particularly those accepting Section 8 vouchers, may be relatively lower compared to areas with higher percentages of renters.
The median household income in Tisbury stands at $115,417, which places it in a high-income bracket. The market rent for the area is $1,021 per month, representing approximately 10.6% of the median household income. This figure is calculated by dividing the market rent ($1,021) by the median income ($115,417) and multiplying by 100 to get the percentage. It's worth noting that the Fair Market Rent (FMR) for the area is set at $1,570 for fiscal year 2024, indicating a significant gap between the actual market rent and the federally determined fair rent value. Landlords in this area can charge rents below the FMR, thus making their properties eligible for Section 8 vouchers.
In terms of the tenant profile expected in this ZIP code, landlords should anticipate a mix of tenants who can afford the market rent without assistance and those who might rely on Section 8 vouchers. However, given the high median income and the relatively low percentage of renters, the number of tenants needing vouchers will likely be fewer. Tenants using vouchers will have to ensure their portion of the rent, typically 30% of their income, does not exceed the market rent of $1,021. For instance, a tenant with an income of $1,021 would contribute $306.30 towards the rent, while the remainder would be covered by the voucher.
Given these specifics, landlords in Tisbury should focus on attracting tenants who either have higher incomes or are willing to accept a combination of their own contribution and voucher support. The presence of Section 8 vouchers in this market could be a strategic advantage for landlords to fill vacancies, especially in units priced closer to the market rent level. However, the overall demand for such vouchers appears to be limited due to the high cost of living and strong homeowner preference in the area.
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.