Location: Essex County, NY | Metro: Essex County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 12872 stands out due to its unique demographic and economic characteristics. With only 22 residents, it is among the least populated areas in the country. Notably, there is a complete absence of rental properties, indicated by the 0.0% renting rate. This suggests that all residents own their homes, though the lack of data on median income and median home value leaves some aspects of the financial health of the area unclear.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,260. However, the absence of market rent data for ZIP 12872 means that there is no direct comparison available. The FMR figure serves as a benchmark for rental costs in the broader region, but without local market data, it's challenging to assess how well this figure aligns with actual rents in the ZIP code.
The data signature for ZIP 12872 reads as "stable," given the low population and the fact that no one is renting, implying that there is little to no turnover in housing. The stability also indicates that the community is likely composed of long-term homeowners who have chosen to remain in the area. Landlords and small-portfolio investors should be cautious about entering this market, as the lack of rental properties and limited population size suggest a very narrow potential tenant pool. The reliance on Section 8 vouchers could be a significant factor if the area were to become more attractive to renters, but currently, the data does not support this scenario.
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.