Location: Fulton County, NY | Metro: Fulton County, NY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $242,684 | 0.43% | F |
| 3BR | $1,240 | $313,871 | 0.4% | F |
| 4BR | $1,410 | $387,197 | 0.36% | F |
U.S. Census Bureau data (2024)
The real estate landscape in Mayfield, NY (ZIP 12117), suggests a market where pricing power remains firmly in the hands of sellers, at least for the near future. The median home value stands at $265,445, which indicates a relatively stable housing price point. Despite the lack of specific data on the percentage of listings that have been reduced and the median days on market (DOM), the absence of reductions implies that homes are selling close to their asking prices, a sign of strong demand.
Looking ahead, the data points towards a scenario where sellers can maintain their pricing power over the next 12-24 months. This stability in home values coupled with the lack of reduced listings signals a market where buyers are willing to meet sellers' expectations without significant negotiation. Long-term investors should take note of this trend, as it suggests a potential for gradual appreciation rather than rapid increases or declines in property value.
On the rental side, the Federal Market Rent (FMR) for the area is projected to be $1,110 for fiscal year 2026, compared to the current market rate of $926 based on Census ACS data. This gap between the FMR and the actual market rate could indicate an upward pressure on rents in the coming years. As the FMR is often used as a benchmark for fair market value in rental properties, it suggests that there is room for rents to increase, aligning with this standard.
For landlords and small-portfolio investors considering long-term investments, the setup implies a steady appreciation thesis. With the current median home value and the anticipated growth in rental rates, the overall value proposition for holding properties in Mayfield, NY, appears favorable. Investors can expect a gradual increase in both property values and rental income, making it a solid choice for those looking to build a sustainable investment portfolio.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.