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Barnstable County/Falmouth/02540

02540

ZIPSAFMR
Barnstable County, MA
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$1,660$1,830
1 BR$1,670$1,840
2 BR$2,180$2,360
3 BR$2,730$2,800
4 BR$3,260$2,880
5 BR$3,749Not available
6 BR$4,311Not available
7 BR$4,958Not available
8 BR$5,702Not available

Purchase Price Calculator

Maximum purchase price
$288,779

Cost breakdown

+Likely effective rent$2,360
HUD FMR$2,180
Market rent$2,460
Est. payment standard (108%)Used$2,360
-Principal and interest-$1,460
Loan amount$231,023
Down payment$57,756
Rate6.50%
Term30 years
-Operating costs-$700
Property taxes-$289
Insurance-$175
Utilities$0
HOA$0
Management-$236
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,681(65.2% ROI)
Projected value
$310,983
Return breakdown
Property appreciation+$22,204
Loan principal paid down+$8,277
Rental cash flow+$7,200
5-year hold
+$64,708(112.0% ROI)
Projected value
$326,726
Return breakdown
Property appreciation+$37,948
Loan principal paid down+$14,760
Rental cash flow+$12,000
10-year hold
+$140,053(242.5% ROI)
Projected value
$369,661
Return breakdown
Property appreciation+$80,882
Loan principal paid down+$35,171
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.74
2 BR
0.89
3 BR
0.96
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02540 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02540 (Falmouth, MA) is $2,180 a month. That is up 2.8% from $2,120 in FY 2026. Falmouth is in the Barnstable Town, MA MSA. 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 metro-wide two-bedroom FMR of $2,488. Among 56 ZIP codes in Barnstable County, 02540 is tied for the 49th-highest two-bedroom rent (county range $2,180–$3,560). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02540 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02540
BedroomsFY 2027Change90–110% range
Studio$1,660+5.7%$1,494–$1,826
1BR$1,670+3.7%$1,503–$1,837
2BR$2,180+2.8%$1,962–$2,398
3BR$2,730+5.0%$2,457–$3,003
4BR$3,260+9.4%$2,934–$3,586

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02540
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,660$1,670$2,180$2,730$3,260
FY 2026$1,570$1,610$2,120$2,600$2,980
FY 2025$1,410$1,450$1,900$2,330$2,680
FY 2024$1,270$1,400$1,840$2,260$2,510
FY 2023$1,180$1,310$1,720$2,100$2,340

Two-bedroom rent in nearby Barnstable County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02540
02532$2,650+21.6%
02534$2,490+14.2%
02536$2,630+20.6%
02537$2,650+21.6%
02540Current$2,180—
02541$2,490+14.2%
02542$2,590+18.8%
02543$2,1800.0%
02553$2,270+4.1%
02556$2,460+12.8%
02559$2,490+14.2%
02561$2,360+8.3%

Questions about ZIP 02540 rents

How much will Section 8 pay for a two-bedroom in ZIP 02540?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,488, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,239 to $2,737 a month; under the ZIP-level Small Area FMR of $2,180 it would be $1,962 to $2,398. 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 ZIP 02540 in?

ZIP 02540 is in the Barnstable Town, MA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,488.

How much did fair market rent change in ZIP 02540 for FY 2027?

The two-bedroom FMR rose 2.8%, from $2,120 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 26.7%.

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

County fair market rentFalmouth, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources