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 | $1,970 |
| 1 Bedroom | $1,990 |
| 2 Bedrooms | $2,600 |
| 3 Bedrooms | $3,260 |
| 4 Bedrooms | $3,890 |
| 5 Bedrooms | $4,512 |
| 6 Bedrooms | $5,053 |
| 7 Bedrooms | $5,457 |
| 8 Bedrooms | $5,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,990 | $550,199 | 0.36% | F |
| 2BR | $2,600 | $563,452 | 0.46% | F |
| 3BR | $3,260 | $825,104 | 0.4% | F |
| 4BR | $3,890 | $1,131,635 | 0.34% | F |
| 5BR | $4,512 | $2,384,186 | 0.19% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 02649 in Mashpee, Massachusetts, reveals a unique balance between yield and stability that is particularly appealing to both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 stands at $2,040, significantly higher than the market rent of $1,776. This indicates a potential opportunity for higher rental yields when properties are leased at or near FMR rates.
However, the stability of the market is somewhat tempered by the percentage of renters, which is relatively low at 18.1%. This suggests that there might be a smaller pool of tenants compared to areas with higher percentages of renters. Additionally, the days on market (DOM) for listings is 59 days, which is above average, indicating that it may take longer to find suitable tenants or sell properties if needed.
The median home value of $700,004 is quite high, reflecting the overall cost of property in the area. Coupled with an average household income of $95,299, the market presents a scenario where the demand for affordable housing could be limited. This makes it less likely to be a high-yield/low-stability flip-style market, given the relatively stable income levels and the presence of a rental market.
In conclusion, ZIP 02649 leans more towards being a steady-cashflow zone rather than a high-yield/low-stability market. While the potential for higher yields exists due to the favorable FMR compared to market rents, the lower percentage of renters and longer DOM suggest a market that prioritizes stability over rapid turnover and flipping. The high median home value also implies that investments here will likely require a larger upfront capital, making it more suitable for those looking for long-term, consistent returns rather than quick profits.
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.