Location: Essex County, NY | Metro: Essex County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The ZIP code 12961 stands out due to its extremely low population count, with only 22 residents. This makes it unique in terms of real estate analysis, as there is no rental activity reported, indicated by the 0.0% renting statistic. The lack of data on median income and median home value further emphasizes the scarcity of economic activity within this area.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 12961 is set at $1,190 for metro fiscal year 2026. Given the absence of any market rent data, this FMR serves as the primary reference point for understanding the potential rental value in this ZIP code. However, the non-availability of market rent data means that landlords should exercise caution when setting rents, as the FMR might not accurately reflect local conditions.
The data signature for ZIP 12961 reads as stable but also suggests a lack of significant residential activity. With such a small resident base and no recorded rental properties, the ZIP code does not present opportunities for growth or change in the immediate future. Landlords and small-portfolio investors should consider these factors before making investment decisions in this 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.