FY2027 Small Area FMR · Oak Bluffs, MA

ZIP 02557 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02557 (Oak Bluffs, MA) is $2,360 a month, up 3.1% from FY2026. That is 17% above the Dukes County, MA area-wide FMR of $2,010.

2-bedroom SAFMR$2,360per month ▲ 3.1%

Area-wide 2 BR FMR$2,010Dukes County, MA

Rank in the area4thof 7 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,124

2 BR Small Area FMR$2,360

110% of SAFMR$2,596

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,640▼ 6.3%

1 BR$1,800▲ 1.7%

2 BR$2,360▲ 3.1%

3 BR$3,270▲ 1.9%

4 BR$3,650▲ 7.4%

FY2027 FY2026

Where 02557 sits in the Dukes County, MA area

Of the 7 ZIP codes HUD lists for the area, 02557 has the 4th highest two-bedroom Small Area FMR. Dukes County, MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,010 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,360 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,640	$1,476 – $1,804	$1,461	$1,750
1 bedroom	$1,800	$1,620 – $1,980	$1,537	$1,770
2 bedrooms	$2,360	$2,124 – $2,596	$2,010	$2,290
3 bedrooms	$3,270	$2,943 – $3,597	$2,783	$3,210
4 bedrooms	$3,650	$3,285 – $4,015	$3,112	$3,400

A household renting a two-bedroom home at the Small Area FMR of $2,360 needs about $94,400 a year to keep housing costs at 30% of income. The area median family income is $163,100 and the 80% low-income limit for four people is $106,800. ZIP code 02557 lies mainly in Dukes County. See the Dukes County, MA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02568	Vineyard Haven	2.2 mi	$2,760
02575	West Tisbury	5.1 mi	$2,850
02539	Edgartown	5.2 mi	$2,360
02540	Falmouth	9.6 mi	$2,180
02543	Woods Hole	10.2 mi	$2,180
02536	East Falmouth	10.7 mi	$2,630

Questions

What is the Fair Market Rent for ZIP code 02557?

HUD's FY2027 Small Area Fair Market Rents for 02557 are $1,640 (studio), $1,800 (1 BR), $2,360 (2 BR), $3,270 (3 BR) and $3,650 (4 BR) a month.

What is the Section 8 payment standard in 02557?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02557 that range is $2,124 to $2,596 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02557?

The FY2026 income limits of the Dukes County, MA area apply: median family income $163,100, low-income (80%) limit $106,800 for a family of four.