Location: Sullivan County, NY | Metro: Sullivan County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 12724 reveals several key points that will be of interest to landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the Sullivan County, NY metro area for fiscal year 2026 is set at $1,340. This figure is crucial for understanding how much a voucher tenant can afford to pay towards rent.
However, the current market rent for ZIP 12724 is not available, which makes it challenging to directly compare the HUD FMR against prevailing market rates. In the absence of specific market rent data, we must rely on the HUD FMR to gauge the potential cash flow for properties renting at this rate. Voucher tenants in ZIP 12724 will cashflow at the FMR rate of $1,340, meaning the rental income should cover the property's expenses without additional financial strain. For optimal cash flow, consider premium units that can command slightly higher rents while still being within the voucher limits.
The median home value in ZIP 12724 is $345,443. To derive the rent-to-price ratio, we use the HUD FMR of $1,340. Assuming a standard mortgage payment based on typical interest rates and loan terms, the monthly payment on a median-priced home would be approximately $1,400, depending on down payment and interest rate specifics. This places the rent-to-price ratio at a favorable level, where the HUD FMR closely matches the expected mortgage payment, indicating a stable investment environment.
Note that the median days on market (DOM) and the percentage of homes that experience price cuts are not available for ZIP 12724. However, these metrics typically influence the rent-versus-buy dynamics. If such data were available, they would help us understand the local housing market's liquidity and the willingness of sellers to adjust their asking prices, which could affect the attractiveness of rental investments.
The strongest investor angle in ZIP 12724 is likely to be cash flow, given the alignment between the HUD FMR and the expected mortgage payments on median-priced homes. This suggests that properties renting at the FMR can generate steady income without significant risk of vacancy or default.
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.