Section 8 Fair Market Rent (FMR) for ZIP 13027 - 2027

Location: Cayuga County, NY | Metro: Syracuse, NY MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,270
1 Bedroom	$1,440
2 Bedrooms	$1,800
3 Bedrooms	$2,180
4 Bedrooms	$2,370
5 Bedrooms	$2,749
6 Bedrooms	$3,079
7 Bedrooms	$3,325
8 Bedrooms	$3,491

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

35,088

Median Household Income

$91,797

Housing Units

15,516

Renter Percentage

30.9%

Occupancy Rate

97.9%

Renter Occupied

4,695

Housing Authorities Serving ZIP 13027

Syracuse Housing Authority (Syracuse, NY) - 4,244 Section 8 vouchers
Village of Manlius (Syracuse, NY) - 1,334 Section 8 vouchers
Auburn Housing Authority (Auburn, NY) - 437 Section 8 vouchers
Village of North Syracuse Housing Authority (North Syracuse, NY) - 287 Section 8 vouchers

Baldwinsville, NY, located in ZIP code 13027, is a small town situated along the Erie Canal in Onondaga County. Known for its historic charm and proximity to larger urban centers like Syracuse, it offers a stable rental market and reasonable property values that can be attractive to both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in Baldwinsville for fiscal year 2024 is set at $1270, providing a benchmark for affordable housing standards.
The market rent, as measured by Zillow's ZORI index, stands at $1,767 for a typical rental unit, indicating a premium over the FMR and suggesting a robust demand for rentals.
The median home value in the area is $324,299, which is relatively modest compared to many metropolitan areas, making it accessible for first-time homebuyers and investment properties alike.
Renters make up 30.9% of the population, showing a significant portion of residents who prefer or require renting, thus ensuring a steady pool of potential tenants.
The median income of $91,797 reflects a middle-class community capable of supporting rental prices and home values, contributing to financial stability for landlords and investors.

The data points highlight a balanced market in Baldwinsville, NY, where rental demand is strong and property values are moderate. Landlords can expect fair returns on investment without the volatility often seen in larger cities. For small-portfolio investors, Baldwinsville presents an opportunity to diversify their holdings in a stable, middle-income area with a solid tenant base.

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.