Location: Franklin 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)
The ZIP code 12955, with a population of 503, has only 11.6% of its residents as renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy one. The scarcity of renters suggests that the demand for housing vouchers under the Section 8 program is likely to be low.
The median household income in this ZIP code is $78,487. The typical market rent of $941 represents approximately 1.2% of the median income. This percentage is relatively low, indicating that the cost of rent is manageable for most residents, even without the assistance of housing vouchers.
To further analyze the situation, we compare the market rent to the Fair Market Rent (FMR) figure of $1,120 for the fiscal year 2026 in the metro area. The actual market rent in ZIP 12955 is below the FMR, which means that landlords could potentially qualify for higher voucher amounts if they choose to participate in the Section 8 program.
A landlord in ZIP 12955 should expect tenants who are financially stable and can afford rent without relying heavily on vouchers. The tenant pool will likely consist of individuals or families who are capable of paying market rates, given the manageable percentage of income that rent consumes. Participation in the Section 8 program could attract tenants with lower incomes, but the overall demand for such vouchers is expected to be limited due to the low proportion of renters in the area.
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.