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 ZIP code 02663, located within the Barnstable Town, MA MSA metro area, presents a unique profile when compared to other typical ZIP codes in the region. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1850. This figure is crucial for landlords and small-portfolio investors who participate in the Section 8 program, as it directly influences the maximum allowable rental subsidy.
Despite the FMR being clearly defined, the market rent and home value data for ZIP 02663 are not available. This absence of data can indicate that the area is less developed or has a lower population density compared to other parts of the Barnstable Town, MA MSA. The lack of data also suggests that the housing market might be quieter, with fewer transactions and listings.
A particularly noteworthy aspect of ZIP 02663 is its 0.0% renter share. This statistic implies that the vast majority of homes in this ZIP code are owner-occupied, which contrasts sharply with areas that have a higher proportion of renters, including those who might rely on Section 8 vouchers. The low renter share could suggest that there is limited demand for rental properties within this ZIP code, making it less attractive for landlords focused on Section 8 tenants.
Given the specific figures, ZIP 02663 appears to be neither a value pocket nor a premium sub-market within the Barnstable Town, MA MSA. Instead, it seems to represent a niche segment of the market where owner-occupied homes dominate. While the FMR of $1850 is a fixed point of reference for rental subsidies, the absence of market rent and home value data makes it difficult to place this ZIP code into a broader context of value or premium status.
In summary, ZIP 02663 stands out due to its high FMR for Section 8 eligibility but low renter share, indicating a primarily owner-occupied community. For investors looking to leverage Section 8 subsidies, this ZIP code might present challenges due to the limited rental market presence.
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.