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 | $1,090 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,520 | $272,864 | 0.56% | F |
| 3BR | $1,970 | $398,740 | 0.49% | F |
| 4BR | $2,040 | $452,595 | 0.45% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 12737, Glen Spey, NY, offers a unique opportunity for landlords and small-portfolio investors due to the alignment between Federal Housing Administration Fair Market Rent (HUD FMR) and local rental rates. The HUD FMR for the Sullivan County metro area for fiscal year 2026 is set at $1,310 per month. However, the lack of available market rent data suggests that this figure may be reflective of the actual rental landscape, indicating that voucher tenants can cashflow at the FMR without requiring premium units.
To derive the rent-to-price ratio, we use the median home value of $348,384. Assuming an average mortgage rate and typical down payment, the monthly rent of $1,310 represents approximately 4.5% of the median home value when annualized. This low rent-to-price ratio indicates that the area is more favorable for homeownership rather than renting, especially under Section 8 vouchers. The absence of day median DOM (Days on Market) and price-cut share percentages further supports this trend, implying stable housing values and a preference for purchasing over renting.
The strongest investor angle in ZIP 12737 is stability. Given the low rent-to-price ratio and the absence of volatile rental market data, landlords can expect consistent cash flows while small-portfolio investors can anticipate steady property values. This makes the area particularly attractive for those seeking long-term, low-risk investments in the real estate market.
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.