Section 8 Fair Market Rent (FMR) for ZIP 12769 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

To determine if a landlord should buy in ZIP code 12769 for Section 8 purposes, follow this decision tree:

• Does the Fair Market Rent (FMR) of $1,760 cover debt service on a property?
  • If the N/A debt service is less than $1,760, then Yes. The FMR can support the property's financial obligations.
  • If the N/A debt service exceeds $1,760, then No. The FMR is insufficient to meet the debt service requirements.
• Is the market rent above, at, or below the FMR?
  • If market rent is above $1,760, then it depends on the specific difference and the landlord's tolerance for risk. Higher market rents suggest potential for higher returns but also indicate a possible mismatch with Section 8 tenant budgets.
  • If market rent is at $1,760, then Yes. The market aligns perfectly with the FMR, making Section 8 properties viable investments.
  • If market rent is below $1,760, then Yes. This indicates that Section 8 rates will exceed what the market offers, potentially attracting more tenants.
• Are 22.6% of residents renters, with N/A days on the market (DOM) indicating sufficient demand?
  • If the DOM is low (e.g., under 30 days), then Yes. There is strong demand, which supports the viability of rental properties, including those for Section 8 tenants.
  • If the DOM is moderate (e.g., between 30-60 days), then it depends on the specific conditions of the local housing market and the landlord's investment strategy.
  • If the DOM is high (e.g., over 60 days), then No. High DOM suggests weak demand, making it harder to fill units and maintain occupancy levels.

The decision to invest in ZIP 12769 for Section 8 properties hinges on these factors. Landlords must ensure the FMR covers their costs, understand how market rents compare to FMR, and assess the local demand for rentals. With 22.6% of residents being renters, there is a notable rental population, but the DOM figure is crucial for gauging the ease of finding and retaining tenants.

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.