Location: Sullivan County, NY | Metro: Sullivan County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 12770, located in Sullivan County, NY metro, reveals several key points for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for the area is $1,320 per month, effective for fiscal year 2026. However, the market rent for the same period is currently unavailable, which makes direct comparison challenging.
To determine the cashflow potential for voucher tenants, we must consider the median home value in the area, which stands at $310,382. This figure can be used to derive a rent-to-price ratio, but without a precise market rent, the exact ratio cannot be calculated. Based on typical rental market conditions, it's reasonable to infer that voucher tenants will likely cashflow at FMR, though the margin will depend on the actual market rents once they become available.
The dynamics between renting and buying in ZIP 12770 are also important to consider. The median days on market (DOM) and the percentage of homes that experience price cuts are currently not available, which means we lack specific data on how long properties typically stay on the market and how often sellers need to adjust their asking prices. Despite this gap in information, the stable median home value suggests a consistent real estate market, which is beneficial for investors seeking stability.
In conclusion, the strongest angle for Section 8 investors in ZIP 12770 is likely to be cashflow, given the HUD FMR of $1,320. While appreciation and stability are also factors, the ability to secure positive cashflow from voucher tenants at the established FMR is a critical advantage in this area.
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.