Location: Clinton County, NY | Metro: Clinton County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
14.5% of residents in ZIP code 12923 are renters, indicating a modest but present demand for rental properties in the area. The median income of $50,833 suggests that while there is some financial stability among the population, it also highlights the need for affordable housing options. With a Fair Market Rent (FMR) set at $1,120 for the metro area in fiscal year 2026, landlords can expect to receive this amount per month from Section 8 vouchers, which is a significant figure given the local economic conditions.
The median home value of $155,888 in ZIP 12923 is relatively low compared to many other areas, making it an attractive location for first-time homebuyers or investors looking to enter the market at a lower price point. However, the lack of available data on market rent and days on market (DOM) indicate challenges in assessing the broader rental market dynamics and property sales trends. This absence of specific market rent data makes the Section 8 program even more critical for ensuring stable rental income for landlords in the area.
Given the limited data on price-cut shares, it's difficult to ascertain how frequently sellers have to reduce their asking prices to attract buyers. Nevertheless, the combination of a low median home value and a fair market rent figure that aligns well with the local median income points towards a balanced rental market where Section 8 can play a pivotal role in maintaining occupancy rates.
In conclusion, the Section 8 program in ZIP 12923 offers a reliable source of rental income at $1,120 per month, which is in line with the financial capabilities of the majority of the local population. It is a viable option for landlords and small-portfolio investors seeking stable returns in a market with limited data on broader rental trends.
Verdict: Section 8 is a solid investment strategy in ZIP 12923, given the alignment between voucher amounts and local incomes.
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.