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
157,769
Vicki Pedersen
Providing Exceptional Real Estate Service
Pedersen Real Estate

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

January 22, 2009 10:39 PM
Rainmaker
227,485
Troy Erickson
Your Chandler, Ahwatukee, and East Valley Realtor
Terra Solis Realty, LLC www.ChandlerRealEstate.weebly.com

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.

January 23, 2009 02:54 AM
Rainmaker
512,463
Russell Lewis
Broker,CLHMS,GRI
Realty Austin, Austin Texas Real Estate

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!

January 23, 2009 07:33 AM
Rainmaker
382,759
Associate Broker Falmouth MA Cape Cod Heath Coker
Heath Coker Robert Paul Properties
http://www.CapeGroup.com & http://www.REindex.com

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.

January 23, 2009 07:44 AM
Rainmaker
310,151
Leslie Prest
Owner, Assoc. Broker, Prest Realty, Payson,
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ

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

January 23, 2009 01:46 PM
Rainer
32,986
Chris & Karen Highland
Integrity, Experience, Enthusiasm!
Turning Point Real Estate

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.

January 24, 2009 02:18 PM
Rainmaker
382,759
Associate Broker Falmouth MA Cape Cod Heath Coker
Heath Coker Robert Paul Properties
http://www.CapeGroup.com & http://www.REindex.com

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

January 24, 2009 03:11 PM
Rainmaker
66,956
Gwenn Tanvas
The Mortgage Gal, 920.267.7891~ SMART - INNOVATIVE
Peoples Home Equity, Inc. NMLS-274839

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.

January 25, 2009 07:10 PM
Rainmaker
382,759
Associate Broker Falmouth MA Cape Cod Heath Coker
Heath Coker Robert Paul Properties
http://www.CapeGroup.com & http://www.REindex.com

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

January 26, 2009 06:39 AM
Rainer
12,447
Sheryle DeGirolamo
Kensington Real Estate Brokerage

Great tool! Thank you!

June 09, 2011 09:45 AM
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Rainmaker
382,759

Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties
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