Section 8 Fair Market Rent (FMR) for ZIP 12741 - 2027
Location: Sullivan County, NY | Metro: Sullivan County, NY
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$68,897
When considering whether to invest in ZIP code 12741 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,420 clear debt service on a property?
- If the property's debt service is less than $1,420, then Yes. The FMR can cover the expenses.
- If the debt service is higher than $1,420, then No. The FMR will not be sufficient to cover the costs.
- Is the market rent of $1,162 above, at, or below the FMR?
- $1,162 is below the FMR of $1,420. This means that if you're looking to participate in the Section 8 program, your rental income would be guaranteed to meet or exceed the market rate.
- Are 51.4% of residents renters, and is the days on market (DOM) low enough to indicate strong demand?
- A 51.4% rental rate suggests a significant portion of the population relies on rental housing. However, without specific data on DOM, we cannot conclusively determine if demand is strong enough. If DOM is low, it indicates high demand; if high, it suggests otherwise.
- It Depends: On the DOM data. A low DOM would support a positive investment decision, whereas a high DOM might suggest caution.
To make a final decision, landlords must assess their individual financial situation against the FMR threshold and evaluate the local rental market dynamics, particularly the DOM for rental units. This analysis will provide a clearer picture of whether ZIP 12741 is a viable investment for Section 8 properties.
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.