Location: Sullivan County, NY | Metro: Sullivan County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
To integrate ZIP 12787 into a Section 8 portfolio strategy, focus on it as a diversifier. The zip code, located in Sullivan County, NY metro, has a significant 20.1% renter share, indicating a stable demand for rental properties. With a median income of $43,102, residents have enough financial stability to support a rental market without over-relying on government assistance.
The lack of specific data regarding the Fair Market Rent (FMR) spread, price-cut share, and days on market (DOM) suggests that ZIP 12787 does not stand out as either a cash-flow anchor or an appreciation play based on the available metrics. However, the presence of a substantial renter population means that landlords can benefit from steady rental income, which is crucial for maintaining positive cash flow.
A diversifier role within a Section 8 portfolio is valuable because it helps balance risk and reward across different property types and locations. ZIP 12787 offers a unique opportunity to tap into a local rental market where there's a clear need for housing options. This can provide a buffer against market volatility seen in other areas.
While the median home value and price-cut share percentages are not available, the median income figure provides insight into the economic profile of the area. At $43,102, it aligns well with the income limits set by HUD for Section 8 eligibility, ensuring a consistent pool of potential tenants who can afford the rent but still require assistance.
In summary, ZIP 12787 should be considered as a diversifier within a Section 8 portfolio. It offers a reliable source of rental income due to its high renter share and median income levels that match the needs of Section 8 participants. Landlords can leverage this to create a balanced investment strategy that includes both urban and suburban markets, thereby reducing overall risk.
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.