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 | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,630 | $308,803 | 0.53% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 12747 is set to present a nuanced scenario for landlords and small-portfolio investors over the next 12-24 months, anchored by a median home value of $310,740. This figure, coupled with the absence of any percentage of listings being reduced and an unspecified median days on market (DOM), suggests that the area is currently experiencing a balanced market condition. However, the lack of specific percentages and DOM data limits a detailed assessment of the immediate pricing power trends.
On the rental side, the Forward Moving Rent (FMR) for the metro area is projected at $1,150 for fiscal year 2026, while the current market rate stands at $982 based on Census ACS data. This gap indicates potential upward pressure on rental rates as the market aligns with projected future values. Landlords and investors should anticipate gradual increases in rental income, which could enhance cash flow and overall investment returns in the medium term.
For long-term holding strategies, the data implies a realistic appreciation thesis rooted in the projected increase in rental values. As rental demand grows and rental rates inch closer to the FMR, property values are likely to follow suit, driven by the fundamental principle that higher rents justify higher property values. This setup suggests that properties in ZIP 12747 will maintain their value and potentially appreciate, aligning with broader economic recovery and growth trends.
Investors should also consider the broader context of supply and demand dynamics, including population growth and job market trends, which can influence both home values and rental rates. The current median home value and the expected rise in rental rates create a stable environment for long-term investments, promising steady returns without the volatility often seen in more speculative markets.
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.