Location: Sullivan County, NY | Metro: Sullivan County, NY
| 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 |
U.S. Census Bureau data (2024)
37.3% of residents in ZIP 12788 (Woodbourne, NY) are renters, indicating a significant portion of the population relies on rental housing. The $1,110 Fair Market Rent (FMR) for the metro area in fiscal year 2026 highlights the federal government's benchmark for determining payment standards under the Section 8 Housing Choice Voucher program. In contrast, the actual market rent, as reported by the Census American Community Survey, stands at $947, suggesting that landlords participating in the Section 8 program could see a slight increase in their rental income compared to the average market rate. The median home value in the area is $282,455, reflecting the overall property values and potentially influencing the local real estate market dynamics. With a median income of $62,768, it's evident that many residents might struggle to afford market rents without assistance, making the Section 8 program particularly relevant for this community. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, the disparity between the FMR and market rent indicates a stable opportunity for landlords to secure tenants through the Section 8 program. This analysis points to a positive outlook for landlords and small-portfolio investors willing to participate in the Section 8 program, given the alignment of the FMR with the local rental market needs.
Verdict: ZIP 12788 presents a favorable environment for landlords to engage with the Section 8 program, leveraging the $1,110 FMR to support tenant affordability while maintaining competitive rental rates.
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.