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 | $1,030 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,840 | $340,202 | 0.54% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 12734 reveals a complex landscape for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the Sullivan County, NY metro area, as of fiscal year 2026, is set at $1,350 per month. However, the lack of current market rent data for this specific ZIP code makes direct comparison challenging. Based on the available HUD FMR, voucher tenants would likely cashflow at this rate, assuming that the market rent does not exceed the FMR significantly. This is a positive indicator for investors seeking stable rental income.
To further analyze the investment potential, consider the median home value in ZIP 12734, which stands at $312,887. Using this figure, we can derive a rent-to-price ratio. Assuming a monthly rent of $1,350, the annual rent would be approximately $16,200, leading to a rent-to-price ratio of about 5.2%, calculated as ($16,200 / $312,887) * 100. This ratio suggests that the rental market is relatively affordable compared to the purchase price of homes, making it an attractive option for investors looking to balance between rental income and property value.
The absence of day median Days on Market (DOM) and percentage of price cuts indicates a stable local housing market, where properties do not typically linger on the market for extended periods nor require significant price reductions to sell. This stability supports the notion that the area is conducive to both rental and ownership investments, offering a balanced environment for different types of real estate ventures.
The strongest investor angle in ZIP 12734 is cashflow. With voucher tenants paying a consistent $1,350 per month, landlords can expect reliable income without the volatility often associated with market-rate rentals. This predictability, combined with the favorable rent-to-price ratio, positions ZIP 12734 as a solid choice for those prioritizing steady cash flow over short-term capital appreciation.
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.