FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR
0.62ratio
FMR$1,900
Market$3,070
vs market-$1,170
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR
0.70ratio
FMR$2,490
Market$3,580
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR
0.98ratio
FMR$3,120
Market$3,190
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
1.13ratio
FMR$3,720
Market$3,280
vs market+$440
FMR is above market; underwrite to market rent.
1.13
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
--
ZIP 02662 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02662 (South Orleans, MA) is $2,490 a month. That is up 2.9% from $2,420 in FY 2026. South Orleans 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, 02662 is tied for the 24th-highest two-bedroom rent (county range $2,180–$3,560). The median county two-bedroom FMR in Massachusetts is $2,222, so ZIP 02662 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02662
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,830
$1,890
+3.3%
$1,701–$2,079
1BR
$1,840
$1,900
+3.3%
$1,710–$2,090
2BR
$2,420
$2,490
+2.9%
$2,241–$2,739
3BR
$2,980
$3,120
+4.7%
$2,808–$3,432
4BR
$3,420
$3,720
+8.8%
$3,348–$4,092
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02662
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$1,900
$2,490
$3,120
$3,720
FY 2026
$1,830
$1,840
$2,420
$2,980
$3,420
FY 2025
$1,740
$1,790
$2,350
$2,880
$3,310
FY 2024
$1,480
$1,580
$2,080
$2,540
$2,890
FY 2023
$1,400
$1,550
$2,040
$2,500
$2,780
Two-bedroom rent in nearby Barnstable County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02662?
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 $2,490 it would be $2,241 to $2,739. 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 02662 in?
ZIP 02662 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 02662 for FY 2027?
The two-bedroom FMR rose 2.9%, from $2,420 in FY 2026 to $2,490 in FY 2027. Since FY 2023 it has risen 22.1%.
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