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!
Heath Coker, Owner of Cape Group Real Estate
www.CapeGroup.com / capegroup@capegroup.com
508-548-8888 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup
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Heath, Thanks for the useful information. I checked out the website. Here is another good website to get rental information http://www.zilpy.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.
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!
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.
Wow! By that, we are CHEAP!. There is a lot of competition right now, and rents have come down in my area.
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.
Rentals may be an alternative for investors who aren't leveraged too much - if there are any of those.
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.
You're welcome. Afton was dirveable from Minneapolis/St Paul.