Section 8 Fair Market Rent (FMR) for ZIP 12749 - 2027

Location: Sullivan County, NY | Metro: Sullivan County, NY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,130
1 Bedroom	$1,170
2 Bedrooms	$1,460
3 Bedrooms	$2,020
4 Bedrooms	$2,050
5 Bedrooms	$2,378
6 Bedrooms	$2,663
7 Bedrooms	$2,876
8 Bedrooms	$3,020

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

419

Median Household Income

$175,083

Housing Units

371

Renter Percentage

7.0%

Occupancy Rate

30.7%

Renter Occupied

To determine if you should buy in ZIP code 12749 for Section 8 investments, follow this decision tree:

1) Does the Fair Market Rent (FMR) of $1,300 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest. The FMR does not provide sufficient income to cover your mortgage payments and other expenses.
2) How does the market rent compare to the FMR?
- If market rent is above $1,300: It depends on your investment goals. Higher market rents can offer flexibility in pricing, but you must still consider the demand for Section 8 properties.
- If market rent is equal to $1,300: This aligns perfectly with the FMR, making it an ideal scenario for covering your debt service with Section 8 tenants.
- If market rent is below $1,300: This indicates that the FMR exceeds the local rental rates, which can be advantageous for attracting tenants and maintaining occupancy.
3) Is there enough demand for Section 8 properties?
- If 7.0% of renters are interested in Section 8 housing and the days on market (DOM) is N/A: Insufficient data is available to make a definitive decision. You need to research further into the local rental market dynamics and tenant preferences.

The key to investing in ZIP 12749 for Section 8 properties lies in ensuring that the FMR covers your debt service. Once this is confirmed, the next step is to assess whether the market rent supports your investment strategy. Lastly, evaluate the demand for Section 8 housing among renters. With 7.0% of renters interested in Section 8, the demand appears modest. However, the lack of days on market (DOM) data means you cannot fully gauge how quickly properties are rented out. Additional investigation is necessary to understand the local rental market better and make a well-informed decision.

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.