Location: Columbia County, NY | Metro: Columbia County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 12174 is situated in a rural area with a small population of 427 residents. This community is predominantly owner-occupied, with only 16.8% of the population being renters. The median household income in this area stands at $51,131, indicating a modest economic base. Given the limited data available, such as the lack of specific median home values and market rents, it's clear that this is a niche market with few rental properties.
However, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,420, which provides a benchmark for potential rental income under the Section 8 program. While there is no direct comparison to local market rents due to the absence of data, the FMR can be used as a guideline for setting rents that align with the housing assistance payment standards.
Considering these factors, ZIP 12174 may not be an ideal location for a hands-off Section 8 voucher operator. The low percentage of renters suggests a limited demand for rental properties, and the modest median income indicates that tenants might have difficulty contributing the required portion of the rent. On the other hand, a hands-on value-add buyer could potentially find opportunities in this area. With careful property selection and management, focusing on the quality and affordability of the units, a hands-on approach could be successful in attracting and retaining Section 8 tenants. The key would be to ensure that the rental units meet the needs of the local population and comply with the program's requirements.
Data Sources: FMR data from HUD (2027). 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.