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 |
|---|---|---|---|---|
| 3BR | $1,630 | $362,634 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 12792 stands out due to its unique demographic and economic characteristics. With only 163 residents, it has a very low population density. However, 15.5% of these residents are renters, which suggests a niche market for rental properties. The median home value in this area is quite high at $313,495, indicating that homeownership is primarily accessible to those with higher incomes. Unfortunately, the median income for the area is not available, which means we cannot directly compare it to the cost of living or housing.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area covering ZIP 12792 for fiscal year 2026 is set at $1,130. This figure represents the maximum amount that a landlord can receive from the government for renting a unit under the Section 8 program. It's important to note that the market rent for the area is also not available, which complicates assessing the viability of Section 8 rentals relative to the broader market. Landlords should be aware that the FMR may not fully cover the costs of maintaining properties in an area with such a high median home value.
Given the limited data available, the ZIP code 12792 appears to be in a transitional phase. The high median home value combined with a significant portion of renters indicates potential shifts in the local housing market. Landlords and small-portfolio investors should carefully consider the financial implications of accepting Section 8 vouchers, especially in light of the relatively high maintenance costs associated with properties in this price range. Despite the challenges, the niche rental market could still present opportunities for those willing to navigate the complexities of the Section 8 program in this particular ZIP code.
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.