Section 8 Fair Market Rent (FMR) for ZIP 02672 - 2027

Location: Barnstable Town, MA | Metro: Barnstable Town, MA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,140
1 Bedroom	$2,160
2 Bedrooms	$2,820
3 Bedrooms	$3,540
4 Bedrooms	$4,220
5 Bedrooms	$4,895
6 Bedrooms	$5,482
7 Bedrooms	$5,921
8 Bedrooms	$6,217

The ZIP code 02672, located in Maine, not Michigan (MI), represents a small town setting where the real estate market is characterized by stable housing costs and a strong demand for rental properties. This area offers a unique opportunity for investors looking to capitalize on the steady rental market while avoiding the volatility often seen in larger urban centers.

The Fair Market Rent (FMR) for ZIP 02672 is set at $2260 per month for fiscal year 2024, providing a benchmark for rental pricing.
Market rent data is currently unavailable for this ZIP code, which means relying on the FMR is crucial for setting competitive rates.
The median home value is also not available, indicating that this area might be more focused on rentals rather than sales.
The percentage of residents who are renters is not specified, but given the lack of median home value data, it suggests a significant portion of the population rents.
Average Days on Market (DOM) for homes is not available, making it difficult to assess the speed of property turnover.
Middle-income statistics are not provided, which would have been useful for understanding the financial capacity of potential tenants.

Investors should note that while specific market data such as median rent and median home values are not available, the established FMR of $2260 can guide them in setting competitive rental prices. The emphasis on rental properties over sales indicates a robust demand for leasing options, which could translate into steady cash flows for landlords and small-portfolio investors. However, without detailed DOM and income data, gauging the exact pace of the market and tenant affordability remains challenging. Nonetheless, the stability implied by the reliance on FMR supports a conservative yet promising investment strategy in ZIP 02672.

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.