Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
| 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 |
The ZIP code 02634, located in Barnstable Town County, Massachusetts, presents a unique set of characteristics that distinguish it from other areas. However, the specific data points such as the number of residents, percentage of renters, median income, and median home value are currently unavailable, making a detailed analysis challenging.
Despite these limitations, the Fair Market Rent (FMR) for ZIP 02634 provides insight into the housing economics relevant to Section 8 landlords and investors. For fiscal year 2024, the FMR is set at $2080. This figure is crucial for understanding the rental assistance vouchers available to tenants in this area. While the exact market rent figures are not specified, the FMR serves as an upper limit for what landlords can charge for Section 8 units, ensuring affordability for low-income families.
In the absence of comprehensive data, it's important to consider the broader context of ZIP 02634. The coastal location of Barnstable Town County often attracts seasonal residents and tourists, which can influence the local real estate market. This characteristic might indicate a transitional nature to the area, where housing demand fluctuates between peak and off-peak seasons. However, without specific data on the resident population and their economic conditions, it's difficult to definitively classify the ZIP code as either stable or transitional based solely on the provided information.
Landlords and small-portfolio investors should monitor the local real estate trends closely, especially during different times of the year, to make informed decisions about their properties. Additionally, staying updated with the latest FMR adjustments can help in setting competitive yet affordable rents for Section 8 tenants.
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.