FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.94ratio
FMR$1,980
Market$2,110
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR
1.05ratio
FMR$2,590
Market$2,470
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR
1.04ratio
FMR$3,190
Market$3,060
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
1.09ratio
FMR$3,790
Market$3,480
vs market+$310
FMR is near market; voucher and private rents are aligned.
1.09
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 02542 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02542 (Buzzards Bay, MA) is $2,590 a month. That is down 9.8% from $2,870 in FY 2026. Buzzards Bay 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, 02542 is tied for the 17th-highest two-bedroom rent (county range $2,180–$3,560). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02542 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02542
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,170
$1,960
−9.7%
$1,764–$2,156
1BR
$2,190
$1,980
−9.6%
$1,782–$2,178
2BR
$2,870
$2,590
−9.8%
$2,331–$2,849
3BR
$3,540
$3,190
−9.9%
$2,871–$3,509
4BR
$4,060
$3,790
−6.7%
$3,411–$4,169
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02542
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,960
$1,980
$2,590
$3,190
$3,790
FY 2026
$2,170
$2,190
$2,870
$3,540
$4,060
FY 2025
$2,150
$2,210
$2,900
$3,560
$4,090
FY 2024
$1,830
$1,960
$2,570
$3,140
$3,580
FY 2023
$1,720
$1,910
$2,510
$3,070
$3,410
Two-bedroom rent in nearby Barnstable County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02542?
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 $2,590 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 ZIP 02542 in?
ZIP 02542 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 02542 for FY 2027?
The two-bedroom FMR fell 9.8%, from $2,870 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 3.2%.
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