Location: Clinton 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 | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $231,234 | 0.51% | F |
| 3BR | $1,410 | $255,061 | 0.55% | F |
| 4BR | $1,600 | $298,858 | 0.54% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 12921, Chazy, NY, is characterized by a snapshot that reveals significant dynamics between renters and homeowners. The Fair Market Rent (FMR) stands at $1,210 for the fiscal year 2026, indicating a stable rental pricing environment. However, the absence of recent market rent data suggests either a lack of active rental listings or insufficient data to form a comprehensive view. This gap highlights a potential challenge in assessing the immediate supply-demand balance.
The median home value of $246,034 is another key figure that helps frame the overall cost of living in the area. While the exact percentage of price-cut share and days on market (DOM) are not available, these missing pieces imply a less volatile market, where transactions might be slower but more consistent. The 14.1% renter share points towards a predominantly owner-occupied community, which can suggest lower immediate housing pressures compared to areas with higher renter populations. Yet, this relatively low renter share also indicates a steady demand for rental properties among those who choose or need to rent, possibly due to economic factors such as job availability or transient populations.
In a broader context, the stability suggested by the FMR and median home value figures, combined with the limited rental market data, paints a picture of a market where supply and demand are closely balanced. The dynamics here are influenced by a mix of homeownership and rental needs, with the rental market likely experiencing less pressure than in urban centers. For landlords and small-portfolio investors, this balance means opportunities exist, but they require careful consideration of the local economic conditions and the specific needs of potential tenants. The long-term housing pressure is likely to remain moderate, driven by the steady demand from renters and the overall stability of property values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.