Location: Franklin County, NY | Metro: Clinton 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 | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $222,583 | 0.53% | F |
| 3BR | $1,440 | $289,185 | 0.5% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for the Bloomingdale, NY area (ZIP 12913) is set at $1,160 for the fiscal year 2026. This figure represents the payment standard used by the Section 8 program, which means it's the maximum amount that the government will pay on behalf of eligible tenants towards your rental property. It does not represent the rent you charge your tenant; rather, it ensures that the rent is fair and affordable.
To put this into perspective, the average monthly rent for a property in Bloomingdale, NY, based on recent Census data (ACS), is $363. However, the Section 8 program aims to provide housing assistance closer to the $1,160 mark, making it more attractive for landlords who might otherwise receive lower rent payments.
The demand for Section 8 rentals in Bloomingdale, NY, is significant. With an 18.5% share of renters, approximately one in every five residents could potentially benefit from the Section 8 program. This indicates a steady stream of potential tenants who are looking for affordable housing options and are willing to comply with the requirements of the program.
If you're considering purchasing a property to become a Section 8 landlord, the median home value in Bloomingdale, NY, is around $243,314. This is the typical price you would expect to pay for a home in the area, and it can be a good starting point for understanding the investment required.
Before committing to a Section 8 rental, ensure you verify that the property meets all the necessary inspection criteria set by the Housing Authority. These inspections cover safety and habitability standards, ensuring that the property is suitable for tenants receiving assistance. Compliance with these standards is non-negotiable and will determine whether your property qualifies for the program.
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.