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 | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $293,686 | 0.34% | F |
| 3BR | $1,410 | $327,487 | 0.43% | F |
| 4BR | $1,450 | $411,158 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 12474, located in Roxbury, NY, stands out due to its unique demographic and economic characteristics. With a total of 857 residents, only 8.7% rent their homes, indicating a predominantly owner-occupied area. The median household income in this ZIP code is $57,428, which reflects a modest but stable financial situation for most families. The median home value is notably higher at $306,820, suggesting that homeownership is both a significant investment and a common aspiration among the local population.
Turning to the specifics of Section 8 housing assistance, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure is slightly above the current market rent of $873, as reported by the Census Bureau's American Community Survey. This indicates that landlords in ZIP 12474 who accept Section 8 vouchers could see a slight increase in rental income compared to typical market rates. However, the relatively low percentage of renters in the area means that the demand for rental properties is not as high as in urban or more densely populated regions. Therefore, landlords should carefully consider the potential benefits and challenges of accepting Section 8 vouchers, particularly in terms of occupancy rates and tenant stability.
Evaluating the overall data signature of ZIP 12474, it appears to be relatively stable. The modest rental rate combined with a higher median home value suggests that the community leans towards long-term homeownership rather than transient renting. Additionally, the slight gap between the FMR and the actual market rent implies that there is some room for growth in rental income through Section 8 participation, without the risk of significant fluctuations that might be seen in transitional areas.
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.