Location: Clinton County, NY | Metro: Clinton County, NY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $180,762 | 0.63% | D |
| 3BR | $1,350 | $225,532 | 0.6% | F |
| 4BR | $1,490 | $255,450 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 12979, encompassing Rouses Point, NY, presents a market characterized by distinct dynamics that influence both landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $1,080 for fiscal year 2026, it's evident that there is a significant gap between the FMR and the current market rent of $737 according to the Census American Community Survey (ACS).
This disparity suggests that the rental market in Rouses Point is currently undervalued compared to what is considered fair market rent. The lower market rent could indicate either a surplus of rental units or a lack of demand for higher-priced rentals. However, given that the renter share stands at 40.2%, it reflects a notable portion of the population that relies on rental housing, which could exert long-term pressure on the housing market as demand for rental properties remains steady.
The median home value of $205,814 offers insight into the overall affordability of the area. This figure can be crucial for investors looking to gauge the potential for appreciation or the stability of property values in the region. While the data lacks specifics on price-cut shares and days on market (DOM), the consistent gap between FMR and actual market rents implies a market where supply might slightly outpace demand, but the substantial renter share indicates a resilient tenant base.
In conclusion, ZIP 12979 represents a market in motion, where the rental sector operates below the FMR, suggesting a balance tipped towards supply. Yet, the high percentage of renters signals a persistent demand for rental housing, which could lead to gradual adjustments in market rents over time as the housing needs of residents continue to evolve.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.