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MA/Dukes County/Chilmark

Chilmark, MA

CitySAFMR
Dukes County
Found 1 ZIP

City Median Investment Score

25Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,980
1 BR$1,980$2,180
2 BR$2,590$2,850
3 BR$3,590$3,950
4 BR$4,010$4,410
5 BR$4,612Not available
6 BR$5,303Not available
7 BR$6,099Not available
8 BR$7,014Not available

Purchase Price Calculator

Maximum purchase price
$361,592

Cost breakdown

+Likely effective rent$2,850
HUD FMR$2,590
Market rent$9,890
Est. payment standard (110%)Used$2,850
-Principal and interest-$1,828
Loan amount$289,274
Down payment$72,318
Rate6.50%
Term30 years
-Operating costs-$822
Property taxes-$362
Insurance-$175
Utilities$0
HOA$0
Management-$285
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,367(62.7% ROI)
Projected value
$389,395
Return breakdown
Property appreciation+$27,803
Loan principal paid down+$10,364
Rental cash flow+$7,200
5-year hold
+$77,998(107.9% ROI)
Projected value
$409,109
Return breakdown
Property appreciation+$47,516
Loan principal paid down+$18,482
Rental cash flow+$12,000
10-year hold
+$169,315(234.1% ROI)
Projected value
$462,869
Return breakdown
Property appreciation+$101,276
Loan principal paid down+$44,039
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.19
1 BR
0.20
2 BR
0.26
3 BR
0.34
4 BR
0.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Chilmark, MA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chilmark, MA is $2,590 a month. That is up 11.2% from $2,330 in FY 2026. Chilmark is in the Dukes County, MA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $2,010. The median county two-bedroom FMR in Massachusetts is $2,222, so Chilmark is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Chilmark, MA
BedroomsFY 2027Change90–110% range
Studio$1,800+2.3%$1,620–$1,980
1BR$1,980+11.2%$1,782–$2,178
2BR$2,590+11.2%$2,331–$2,849
3BR$3,590+10.8%$3,231–$3,949
4BR$4,010+16.6%$3,609–$4,411

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Chilmark, MA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,980$2,590$3,590$4,010
FY 2026$1,760$1,780$2,330$3,240$3,440
FY 2025$1,580$1,700$2,060$2,890$3,060
FY 2024area FMR$1,690$1,886$2,156$2,911$2,922
FY 2023area FMR$1,778$2,058$2,325$3,016$3,180

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Chilmark, MA rents

How much will Section 8 pay for a two-bedroom in Chilmark, MA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,010, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,809 to $2,211 a month; under the ZIP-level Small Area FMR of $2,590 it would be $2,331 to $2,849. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Chilmark, MA in?

Chilmark, MA is in the Dukes County, MA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,010.

How much did fair market rent change in Chilmark, MA for FY 2027?

The two-bedroom FMR rose 11.2%, from $2,330 in FY 2026 to $2,590 in FY 2027. Since FY 2025 it has risen 25.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set