Here's A Link To a "Fair Market Rent Calculator" provided by HUD

By
Real Estate Agent with http://www.CapeGroup.com & http://www.REindex.com 9023635
http://actvra.in/8gt

Real Estate investors ask "How much could this rent for?" and tenants ask "Is this a fair rent?"  Well I found a government website that takes the liability off of us brokers.  It can be found in the mish-mash of HUD web sites and information. 

For my area it is pretty accurate.  Rents here are between $700 and $1500 a month year round, depending on bedrooms and location.  With more waterfront that any other town in the country, Falmouth has some good locations.

Real estate in Falmouth MA can be rented by the week in the summer and by the month the rest of the year for a seasonal rental property.  For a year round rental the rate stays the same of course.  The HUD calculator seems to have a good idea of real estate values here. 

It is called the "Fair Market Rent System." Apparently it is current for the year 2009.  Here is the link:  http://www.huduser.org/datasets/fmr/fmrs/fy2009_code/index.asp?data=fmr09

Happy Selling and Listing!

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Rainmaker
162,229
Vicki Pedersen
Pedersen Real Estate - Riverside, CA
Providing Exceptional Real Estate Service

Heath,  Thanks for the useful information.  I checked out the website.  Here is another good website to get rental information   http://www.zilpy.com/

Jan 22, 2009 10:39 PM #1
Rainmaker
305,861
Troy Erickson
Diverse Solutions Realty www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

I appreciate the information.  With investors, they are always hungry for rental information.  Any resource I can use to provide them with rental information will be beneficial to my investor clients.  Thanks.

Jan 23, 2009 02:54 AM #2
Rainmaker
514,825
Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

Thanks for this link, we are seeing more folks lease homes here in Austin as the market inevitably slows. I hope thing are improving in your part of the world!

Jan 23, 2009 07:33 AM #3
Rainmaker
398,585
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties

CA and AZ markets are still recovering, but I thought Austin was at least stable.  You all have been working over the last few years (successfully) to get small and medium businesses into the the area.

Jan 23, 2009 07:44 AM #4
Rainmaker
317,705
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

Wow! By that, we are CHEAP!. There is a lot of competition right now, and rents have come down in my area.

Jan 23, 2009 01:46 PM #5
Rainer
33,712
Chris & Karen Highland
Turning Point Real Estate - Frederick, MD
Integrity, Experience, Enthusiasm!

This is a great resource, we have a large increase in rentals in the Frederick Real Estate Market right now because of the number of homes that aren't selling.

Jan 24, 2009 02:18 PM #6
Rainmaker
398,585
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties

Rentals may be an alternative for investors who aren't leveraged too much - if there are any of those.

Jan 24, 2009 03:11 PM #7
Rainmaker
69,221
Gwenn Tanvas
Peoples Home Equity, Inc. NMLS-274839 - Appleton, WI
The Mortgage Gal, 920.267.7891~ SMART - INNOVATIVE

Thanks for the information Heath - I will have to see how accurate it is in my local market - I am not familiar with that area of Wisconsin. It must be North and closer to MN border. I am about 30 mile from Green Bay. Thanks again for the good info.

Jan 25, 2009 07:10 PM #8
Rainmaker
398,585
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties

You're welcome. Afton was dirveable from Minneapolis/St Paul.

Jan 26, 2009 06:39 AM #9
Rainer
12,774
Sheryle DeGirolamo
Kensington Real Estate Brokerage - North Attleboro, MA

Great tool! Thank you!

Jun 09, 2011 09:45 AM #10
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Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties
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