Location: Hamilton County, NY | Metro: Hamilton County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,550 |
| 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)
The Fair Market Rent (FMR) for ZIP code 12864 in the metro area for fiscal year 2026 is set at $1,200. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for Section 8 housing vouchers. It is important to note that this does not directly determine your rental income; it serves as a benchmark to ensure that the rent you charge is reasonable and competitive.
For landlords and small-portfolio investors considering their first Section 8 rental property in ZIP 12864, the FMR indicates the maximum amount that can be paid on behalf of a tenant through the voucher program. If your property's rent exceeds $1,200, the tenant would need to cover the difference out-of-pocket, which could impact the pool of potential renters.
The local median rent in ZIP 12864 is currently N/A, making direct comparisons challenging. However, the 0.0% renter share suggests there is little to no demand for rental properties in this area. This means that while the FMR sets a standard for what is considered fair rent, the actual demand for renting spaces might be low, potentially affecting occupancy rates.
Acquisition costs for properties in ZIP 12864 are also noted as N/A, indicating a lack of recent data on home purchase prices or rental property acquisitions. This absence of information makes it difficult to assess the typical investment required to enter the market here.
Before proceeding with a Section 8 rental in ZIP 12864, it is crucial to verify the demand for rental properties in the immediate vicinity of your potential property. Look into local real estate listings, vacancy rates, and any available demographic data to understand if there is a significant number of individuals seeking housing assistance through Section 8 in this specific location.
To summarize, the $1,200 FMR is a guideline for setting your rent, but given the low renter share, you must ensure that there is sufficient demand for your property. The lack of detailed local rent and acquisition cost data means that you will have to rely on other sources to make an informed decision about entering the Section 8 market in ZIP 12864.
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.