Location: Franklin County, NY | Metro: Franklin County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 12915, which is set at $1,210 for the fiscal year 2026, represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. This is not the actual rent that tenants will pay; rather, it's the payment standard used by the housing authority to determine how much they will reimburse you for renting your property.
To clarify, if you decide to participate in Section 8 with a rental unit in ZIP 12915, the housing authority will ensure that the total rent does not exceed $1,210 per month. Tenants typically pay the difference between this amount and the actual rent, based on their income. For instance, if your rent is $1,000, the tenant might pay $300, and the housing authority would cover the remaining $700.
Unfortunately, there is no specific local market rent data available for ZIP 12915 at this time. However, the 26.5% renter share indicates that nearly a quarter of households in the area are renters, suggesting a reasonable demand for rental properties. This percentage can help you gauge the potential interest in your property among those who might qualify for Section 8 assistance.
The lack of data on acquisition costs (N/A) means that you should research the typical purchase price of homes in ZIP 12915 to understand how much you might need to invest initially. This figure will be crucial when calculating your return on investment and determining whether the monthly reimbursement from the housing authority meets your financial expectations.
Before proceeding with your first Section 8 rental in ZIP 12915, it is essential to verify that the housing authority in your area has an active waiting list and is accepting new applications. This ensures that there are qualified tenants ready to move into your property and utilize the voucher program.
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.