Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $3,090 |
| 5 Bedrooms | $3,584 |
| 6 Bedrooms | $4,014 |
| 7 Bedrooms | $4,335 |
| 8 Bedrooms | $4,552 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 02652, located in Barnstable Town, MA MSA metro, reveals key insights for landlords and small-portfolio investors. Firstly, the rent math must be evaluated against the financial feasibility ratio (FMR) set at $1840 for the fiscal year 2024. Given that the market rent is currently unreported, it's critical to base investment decisions on the FMR to ensure compliance with housing assistance guidelines.
Secondly, the acquisition cost is a crucial factor. The median home value stands at $728,189, which places it at a premium level. Without specific data on the days on market (DOM) and the percentage of homes needing price cuts, it's challenging to determine if this represents an affordable entry point for new acquisitions. However, the high median home value suggests a robust local economy capable of supporting higher rents and property values.
Lastly, tenant demand must be considered. With a population of 845 and a renter share of 21.8%, there is a significant but niche market for rental properties. This indicates that while the pool of potential tenants is limited, there is still a demand for rental units in the area.
In conclusion, ZIP 02652 presents a mixed scenario for real estate investment. While the rent math is based on the FMR of $1840, which should guide rental pricing, the lack of market rent data introduces uncertainty. The median home value of $728,189 signals a premium market, potentially limiting affordability for acquisition but also suggesting strong economic underpinnings. Tenant demand is present, though confined to a smaller population base. For landlords and small-portfolio investors, the decision to invest hinges on balancing these factors and ensuring alignment with their investment criteria and risk tolerance.
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.