Location: Delaware County, NY | Metro: Delaware 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 | $740 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $299,670 | 0.35% | F |
| 3BR | $1,430 | $365,489 | 0.39% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 12421 in Denver, NY, hinges on the balance between yield potential and market stability. With a Fair Market Rent (FMR) of $1,030 for the fiscal year 2026, this area offers a significant rental income opportunity. However, the lack of market-specific data points to an incomplete picture. The median home value stands at $342,694, indicating a substantial investment cost. Stability indicators reveal that 24.8% of residents are renters, which suggests a moderate demand for rental properties. The absence of day DOM (days on market) data leaves a gap in understanding the speed at which properties are typically rented out. The average household income of $100,819 provides insight into the financial capability of potential tenants.
Evaluating the yield and stability, ZIP 12421 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR of $1,030 is a reliable figure for calculating expected rental income, and the relatively high median home value of $342,694 implies a stable property market with less volatility compared to areas where flipping might be more common. While the percentage of renters at 24.8% is not exceptionally high, it is sufficient to support a consistent rental business. The income level of $100,819 ensures that there are enough financially capable individuals to sustain rental payments without frequent defaults or evictions.
To further substantiate this analysis, specific dollar figures indicate that the FMR aligns well with the income levels, ensuring a stable tenant base. The median home value, although high, does not suggest a speculative market typical of flipping zones. Therefore, for landlords and small-portfolio investors, ZIP 12421 presents a solid option for generating reliable cash flow through rental properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.