Location: Sullivan County, NY | Metro: Sullivan 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 | $980 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $268,401 | 0.47% | F |
| 3BR | $1,760 | $347,930 | 0.51% | F |
U.S. Census Bureau data (2024)
Sullivan County's ZIP code 12732, located in Eldred, NY, stands out due to its relatively low rental rate compared to the Federal Market Rent (FMR). With only 776 residents, the area has a rental rate of 6.6%, indicating that it is primarily a homeownership community. The median income in ZIP 12732 is $50,125, while the median home value is significantly higher at $310,376, reflecting the strong preference for owning property in this region.
The voucher economics in ZIP 12732 present an interesting opportunity for landlords. According to the latest data for fiscal year 2026, the FMR for a metro area including ZIP 12732 is set at $1,300. However, the current market rent, based on Census American Community Survey (ACS) data, is lower at $1,029. This means that landlords can potentially benefit from the difference between the FMR and the actual market rates, making Section 8 vouchers a viable option for attracting tenants.
Evaluating the overall data signature of ZIP 12732, it appears to be a stable community with a strong inclination towards homeownership. The low rental rate and high median home value suggest that the area is well-established and not undergoing significant changes in its housing market dynamics. While the voucher economics provide a potential avenue for landlords to consider, the overall picture indicates that ZIP 12732 is unlikely to see rapid transitions in its housing landscape.
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.