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 |
|---|---|---|---|---|
| 2BR | $1,180 | $258,873 | 0.46% | F |
| 3BR | $1,630 | $347,460 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 12768, located in Parksville, NY, presents a unique challenge for renters given the area's economic conditions. The median income stands at $34,708, which places significant constraints on the financial capacity of households to pay rent. Unfortunately, the current market rate for rentals in this ZIP code is listed as N/A, indicating a lack of comprehensive data. However, we can analyze the situation based on the available information.
To provide context, the Fair Market Rent (FMR) for the metro area, effective for fiscal year 2026, is set at $1,170. This figure represents the benchmark for rental assistance through housing vouchers. Given the median income, it becomes evident that the disparity between what renters can afford and the voucher payment standard is substantial. A household earning the median income would struggle to cover a monthly rent of $1,170 without significant financial strain, considering other living expenses and necessities.
With only 8.4% of the 857 residents being renters, the competition among landlords is relatively low. This means that landlords have fewer peers vying for the same tenant pool, but it also implies a smaller overall market size. The affordability gap suggests that many potential renters might be inclined towards seeking properties that accept housing vouchers due to their limited financial resources.
The takeaway for landlords is clear: accepting housing vouchers can be a strategic move to attract tenants in an area where the majority of the population has a lower median income. While cash-paying tenants might offer higher immediate returns, the reality is that the demand for affordable housing is high. Landlords who consider accepting vouchers could secure a steady stream of tenants, even if it means slightly lower rent payments compared to market rates. This strategy aligns with the needs of the local economy and ensures occupancy rates remain stable.
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.