Location: Essex County, NY | Metro: Glens Falls, NY MSA
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 | $940 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $219,966 | 0.55% | F |
| 3BR | $1,570 | $221,353 | 0.71% | D |
| 4BR | $1,610 | $260,602 | 0.62% | D |
| 5BR | $1,868 | $400,821 | 0.47% | F |
U.S. Census Bureau data (2024)
Ticonderoga, NY, located in ZIP code 12883, stands out within Essex County due to its unique demographic and economic characteristics. With a total population of 4,744 residents, Ticonderoga has a rental rate of 31.1%, indicating a moderate demand for housing units. The median household income in this area is $65,865, which is slightly above the national average, suggesting a stable middle-class community. The median home value of $220,244 reflects a relatively affordable housing market compared to other parts of New York State.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 12883 in fiscal year 2024 is set at $1,090. This figure is notably higher than the Census-reported market rent of $852, creating an opportunity for landlords who can meet the eligibility requirements for the program. The discrepancy between the FMR and the actual market rent means that landlords participating in Section 8 can potentially receive a rent subsidy that exceeds the local market rates, making it financially viable for them to offer units to tenants with vouchers.
The data signature for Ticonderoga, NY, suggests a stable environment. The median income supports a sustainable rental market, and the median home value indicates a balanced housing cost relative to the income levels. The rental market's alignment with Section 8 voucher economics provides additional stability, as it ensures a steady stream of eligible tenants who can afford to pay the rent through government assistance. This combination of factors makes Ticonderoga a reliable location for landlords and small-portfolio investors looking for consistent returns and manageable risks.
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.