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Barnstable County/Eastham/02642

02642

ZIPSAFMR
Barnstable County, MA
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880$1,880
1 BR$1,900$1,900
2 BR$2,480$2,480
3 BR$3,110$3,110
4 BR$3,710$3,710
5 BR$4,267Not available
6 BR$4,906Not available
7 BR$5,642Not available
8 BR$6,489Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMRUsed$2,480
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 02642 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02642 (Eastham, MA) is $2,480 a month. That is down 1.6% from $2,520 in FY 2026. Eastham 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, 02642 has the 33rd-highest two-bedroom rent (county range $2,180–$3,560). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02642 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02642
BedroomsFY 2027Change90–110% range
Studio$1,880−1.6%$1,692–$2,068
1BR$1,900−1.0%$1,710–$2,090
2BR$2,480−1.6%$2,232–$2,728
3BR$3,1100.0%$2,799–$3,421
4BR$3,710+3.9%$3,339–$4,081

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02642
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$1,900$2,480$3,110$3,710
FY 2026$1,910$1,920$2,520$3,110$3,570
FY 2025$1,770$1,820$2,390$2,930$3,370
FY 2024$1,480$1,580$2,070$2,530$2,880
FY 2023$1,320$1,470$1,930$2,360$2,630

Two-bedroom rent in nearby Barnstable County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02642
02635$2,920+17.7%
02637$3,110+25.4%
02638$2,200−11.3%
02639$2,220−10.5%
02641$2,360−4.8%
02642Current$2,480—
02643$2,270−8.5%
02644$2,690+8.5%
02645$2,930+18.1%
02646$2,910+17.3%
02647$2,390−3.6%
02648$2,920+17.7%

Questions about ZIP 02642 rents

How much will Section 8 pay for a two-bedroom in ZIP 02642?

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 $2,480 it would be $2,232 to $2,728. 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 02642 in?

ZIP 02642 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 02642 for FY 2027?

The two-bedroom FMR fell 1.6%, from $2,520 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 28.5%.

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