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Dukes County/West Tisbury/02575

02575

ZIPSAFMR
Dukes County, MA
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$1,980$2,180
1 BR$2,180$2,400
2 BR$2,850$3,140
3 BR$3,950$4,350
4 BR$4,410$4,850
5 BR$5,072Not available
6 BR$5,832Not available
7 BR$6,707Not available
8 BR$7,713Not available

Purchase Price Calculator

Maximum purchase price
$404,686

Cost breakdown

+Likely effective rent$3,140
HUD FMR$2,850
Market rent$11,110
Est. payment standard (110%)Used$3,140
-Principal and interest-$2,046
Loan amount$323,749
Down payment$80,937
Rate6.50%
Term30 years
-Operating costs-$894
Property taxes-$405
Insurance-$175
Utilities$0
HOA$0
Management-$314
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,916(61.7% ROI)
Projected value
$435,803
Return breakdown
Property appreciation+$31,117
Loan principal paid down+$11,599
Rental cash flow+$7,200
5-year hold
+$85,863(106.1% ROI)
Projected value
$457,865
Return breakdown
Property appreciation+$53,179
Loan principal paid down+$20,684
Rental cash flow+$12,000
10-year hold
+$186,633(230.6% ROI)
Projected value
$518,033
Return breakdown
Property appreciation+$113,346
Loan principal paid down+$49,287
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.21
1 BR
0.22
2 BR
0.26
3 BR
0.32
4 BR
0.34
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02575 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02575 (West Tisbury, MA) is $2,850 a month. That is up 3.6% from $2,750 in FY 2026. West Tisbury 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. Among 6 ZIP codes in Dukes County, 02575 has the highest two-bedroom rent (county range $1,930–$2,850). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02575 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02575
BedroomsFY 2027Change90–110% range
Studio$1,980−4.8%$1,782–$2,178
1BR$2,180+3.8%$1,962–$2,398
2BR$2,850+3.6%$2,565–$3,135
3BR$3,950+3.4%$3,555–$4,345
4BR$4,410+8.6%$3,969–$4,851

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02575
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,980$2,180$2,850$3,950$4,410
FY 2026$2,080$2,100$2,750$3,820$4,060
FY 2025$1,820$1,830$2,380$3,330$3,540
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.

Two-bedroom rent in nearby Dukes County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02575
02535$2,590−9.1%
02539$2,360−17.2%
02557$2,360−17.2%
02568$2,760−3.2%
02575Current$2,850—
02713$1,930−32.3%

Questions about ZIP 02575 rents

How much will Section 8 pay for a two-bedroom in ZIP 02575?

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 $2,850 it would be $2,565 to $3,135. 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 02575 in?

ZIP 02575 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 ZIP 02575 for FY 2027?

The two-bedroom FMR rose 3.6%, from $2,750 in FY 2026 to $2,850 in FY 2027. Since FY 2025 it has risen 19.7%.

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 rentWest Tisbury, MA fair market rentMA statewide rentsWhat is SAFMR?Data sources