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 | $1,490 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,660 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,660 | $216,793 | 1.23% | A |
U.S. Census Bureau data (2024)
The ZIP code 12751 presents a dynamic rental market influenced by the Federal Market Rent (FMR) and actual market conditions. With an FMR set at $1,690 for fiscal year 2026, it indicates a benchmark that landlords and investors can use to gauge fair rental values. However, the current market rent, according to Census ACS data, stands at $1,472. This suggests that while the government's estimate may be higher, the actual rents being charged reflect a slightly cooler market temperature.
The median home value in ZIP 12751 is $210,775, which provides a context for homeownership costs relative to rental prices. The lack of specific data on price-cut shares and days on market (DOM) prevents a detailed analysis of the supply-demand balance, but the gap between FMR and market rent hints at a scenario where supply might slightly exceed demand. Landlords and investors should monitor this trend closely, as it could impact their ability to charge premium rents.
A notable feature of the ZIP code 12751 is its 40.8% renter share. This percentage reveals a significant portion of the population choosing to rent rather than buy, which can exert long-term housing pressure on the rental market. High renter shares often correlate with sustained demand for rental properties, making it a potentially stable investment area for landlords and small-portfolio investors. The dynamics suggest that even if there is some oversupply currently, the high renter share could help absorb excess units over time, stabilizing the market.
To summarize, ZIP 12751 is characterized by a rental market that is slightly below the federal benchmark, indicating a possible equilibrium where supply meets demand. The substantial renter share points towards a market where rental properties will continue to be in demand, offering a promising outlook for those invested in the rental sector.
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.