Location: St. Lawrence County, NY | Metro: St. Lawrence County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The gap between the FMR and the market rent makes ZIP 12927 a yield play for landlords and small-portfolio investors. With an FMR of $1,110, voucher tenants can afford to pay above the typical market rate, providing a financial advantage. In contrast, if the FMR were lower than the market rent, landlords would face the cost of housing voucher tenants below open-market rates, which could reduce profitability.
The ZIP code context further supports this analysis. With 8.7% of residents being renters, and a median home value of $262,861, the area leans towards homeownership. Additionally, the median income of $68,125 suggests that while not extremely high, it is sufficient to support rental prices near the FMR level.
In summary, the discrepancy between the FMR and the market rent indicates a potential for higher yields when renting to voucher tenants. This is particularly appealing given the relatively low proportion of renters and the modest median income in the area. Landlords should consider these factors when evaluating investment opportunities in ZIP 12927.
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.