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 | $1,930 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,540 |
| 3 Bedrooms | $3,190 |
| 4 Bedrooms | $3,800 |
| 5 Bedrooms | $4,408 |
| 6 Bedrooms | $4,937 |
| 7 Bedrooms | $5,332 |
| 8 Bedrooms | $5,599 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,540 | $567,182 | 0.45% | F |
| 3BR | $3,190 | $745,271 | 0.43% | F |
| 4BR | $3,800 | $925,675 | 0.41% | F |
| 5BR | $4,408 | $1,149,406 | 0.38% | F |
U.S. Census Bureau data (2024)
ZIP code 02675, located in Yarmouth, MA, is predominantly a homeowner-dominated area with only 8.3% of its population being renters. This makes it less attractive for landlords focusing on Section 8 tenants, as the demand for rental vouchers is relatively low compared to areas with higher percentages of renters.
The median household income in Yarmouth is $110,450, which places it in a higher-income bracket. The typical market rent of $1,954 represents approximately 17.7% of the median household income. This is calculated by dividing the annual market rent ($1,954 * 12 = $23,448) by the median household income ($110,450).
Comparing the market rent to the Fair Market Rent (FMR), which is set at $2,400 for FY 2024, the actual rent in Yarmouth is below the FMR threshold. This indicates that landlords may need to adjust their rents to be competitive with both market rates and FMR standards to attract Section 8 tenants.
In this ZIP code, landlords should expect tenants who are likely to have additional income sources beyond just their voucher. Given the higher median income, these tenants might supplement their voucher with personal funds, making them financially stable and potentially desirable for long-term leases.
To summarize, while Yarmouth has a limited pool of renters, the lower market rent compared to FMR suggests that landlords can still participate in the Section 8 program effectively. They should anticipate tenants who are financially capable of contributing extra towards their housing costs, aligning well with the local economic conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.