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

By
Real Estate Broker 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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Rainer
32,974
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
375,310
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
375,310
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
12,247
Sheryle DeGirolamo
Kensington Real Estate Brokerage

Great tool! Thank you!

June 09, 2011 09:45 AM
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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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Additional Information

National/Local real estate topics, Cape Cod and the Internet. Cape Cod real estate company; and a national real estate web site REindex.com, The Site Engine® for other listing agents/brokers at no cost to them. I make a living listing and selling real estate on Cape Cod.

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