Location: St. Lawrence County, NY | Metro: St. Lawrence County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 12922 presents a unique set of conditions that landlords and small-portfolio investors should consider carefully. The median home value is currently unavailable, which suggests a limited dataset for making precise judgments on property values. However, the fact that N/A% of listings have been reduced points to a sellers' market where there is little pressure to lower prices. This trend, combined with the N/A-day median days on market (DOM), indicates that homes are selling relatively quickly without significant price concessions, which is a positive sign for pricing power.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $1,020. While the exact market rent figure for ZIP 12922 is not available, the implication is that rental rates are expected to remain stable or increase slightly if they align with the broader metro area trends. This stability supports a scenario where landlords can maintain or incrementally raise rents, especially if the local market closely follows the metro FMR.
For long-term investors, the setup suggests a cautious approach to appreciation expectations. Given the limited data on median home values and the percentage of listings being reduced, it's challenging to form a strong thesis on future appreciation. However, the quick sales indicated by the median DOM suggest that liquidity might be a strength of the market, allowing investors to potentially exit their positions at favorable times. This liquidity, alongside the expected stability in rental rates, provides a solid foundation for holding properties, but does not necessarily imply robust capital appreciation over the next 12-24 months.
In summary, the current data points towards a market where landlords can maintain pricing power on both the sale and rental sides. However, the lack of comprehensive data on home values and rental rates means that while maintaining or slightly increasing rents and sale prices is feasible, expecting substantial appreciation may not be realistic based on the available information.
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.