Section 8 Fair Market Rent (FMR) for ZIP 02574 - 2027
Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
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 |
A skeptical investor considering ZIP 02574 in Massachusetts might raise several valid concerns regarding the feasibility of participating in the Section 8 program. Let's address these objections head-on using the available data.
- Will FMR $2080 (zip FY 2024) cover the mortgage on a N/A home? The data does not provide specific figures for home prices or mortgage costs in ZIP 02574, making it difficult to give a definitive answer. However, it's important to consider that the Fair Market Rent (FMR) of $2080 is designed to reflect typical rental costs in the area. Landlords should research local mortgage rates and home values to determine if the FMR can adequately cover their mortgage payments. Given the lack of precise data, prudent financial planning is advised.
- Is there enough renter demand at N/A%? Unfortunately, the data does not specify the percentage of renters in ZIP 02574. To evaluate renter demand, one must look at broader regional trends and consult local real estate agents or market reports. If the surrounding areas show strong demand for affordable housing, it's likely that ZIP 02574 will also have sufficient tenant interest. However, without concrete figures, this remains speculative.
- Will vouchers keep pace with N/A market rents? The data indicates that the FMR for ZIP 02574 is set at $2080 for fiscal year 2024. While this figure represents the average rent level, it does not guarantee that voucher amounts will match the exact market rents. Voucher programs aim to cover a significant portion of the rent but may not always fully align with market conditions. Investors should monitor changes in voucher policies and be prepared for potential adjustments in rent levels.
The available data provides a snapshot of the rental market in ZIP 02574 but falls short in addressing some key questions for landlords and small-portfolio investors. It's crucial to conduct further research and due diligence before making investment decisions in this area.
Data Sources: FMR data from HUD (2027).
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.