Location: Delaware County, NY | Metro: Delaware County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 12459 in the metro area for fiscal year 2026 is set at $1,030. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the government will pay up to $1,030 per month towards the rent for your property. It's important to note that this is not the amount that tenants will pay; rather, it's the maximum subsidy that can be applied.
While the local median rent for ZIP 12459 is listed as N/A, indicating incomplete data, we can still assess the potential demand for Section 8 rentals in the area. The 0.0% renter share suggests that there is no recorded percentage of renters who use Section 8 vouchers in this ZIP code. However, this does not necessarily mean there is low demand. Instead, it indicates that there might be limited historical data on voucher usage, which could mean the market is either underdeveloped for Section 8 or simply lacks comprehensive reporting.
The acquisition cost for properties in ZIP 12459 is also listed as N/A, which implies that there is no readily available information on the typical costs for acquiring rental properties in this area. To make an informed decision, it would be prudent to consult local real estate agents or review recent property sales in the area to gauge the typical price range for similar properties.
Before proceeding with your first Section 8 rental in ZIP 12459, you should verify that your property meets the Housing Quality Standards (HQS) required by the program. These standards ensure that the rental unit is safe, decent, and sanitary, and failure to meet these criteria can result in penalties or loss of participation in the program. While the exact details of HQS can vary, it generally includes items such as structural integrity, heating, plumbing, electrical systems, and pest control.
In summary, the $1,030 FMR provides a benchmark for the government subsidy you can expect, but the lack of detailed local rent and acquisition cost data means you'll need to do additional research to understand the local market. Ensuring your property meets the necessary standards is the key step to take before fully committing to a Section 8 rental in ZIP 12459.
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.