Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,810 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,390 |
| 3 Bedrooms | $2,990 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 02647, located in Barnstable Town, MA MSA metro, reveals several key points for potential landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for ZIP 02647 in fiscal year 2024 is set at $2050. However, due to the lack of current market rent data, it's impossible to directly compare these figures. This absence suggests that landlords should be cautious and consider local economic trends and housing demands before setting rental prices.
Secondly, the acquisition affordability is uncertain given the missing data on median home value, days on market (DOM), and the percentage of homes that have had their prices cut. Without these metrics, investors cannot accurately gauge the cost of entry into the market or the typical duration and challenges involved in selling properties. This uncertainty calls for thorough research and perhaps consulting local real estate agents for up-to-date insights.
Lastly, concerning tenant demand, the area has a population of 209 individuals, with 20.9% being renters. While the overall population is small, the renter share indicates a modest but present demand for rental properties. Investors should note that the limited number of potential tenants might mean a smaller pool to draw from, necessitating well-maintained and competitively priced properties to attract and retain renters.
In conclusion, ZIP 02647 presents a niche market with a clear but small renter base. The rent math is partially defined by the FMR of $2050, but without market rent data, setting competitive rates requires additional local knowledge. Acquisition costs and ease of sale remain unclear due to the lack of relevant data, suggesting a need for careful investigation. Despite these uncertainties, the 20.9% renter share signals a viable opportunity for those willing to invest time in understanding the local dynamics and maintaining high-quality properties.
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.