Section 8 Fair Market Rent (FMR) for ZIP 13030 - 2027

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

Investment Score for ZIP 13030

Monthly Rent (2BR)

$1,260

Median Price (2BR)

$272,273

1% Rule

0.46%

Annual Yield

5.55%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$1,020
2 Bedrooms	$1,260
3 Bedrooms	$1,530
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,260	$272,273	0.46%	F
3BR	$1,530	$251,950	0.61%	D
4BR	$1,670	$354,531	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,635

Median Household Income

$68,306

Housing Units

1,811

Renter Percentage

12.9%

Occupancy Rate

80.6%

Renter Occupied

189

Bridgeport, NY, located in ZIP code 13030, is a small town situated along the shores of Oneida Lake, offering residents a quiet, rural setting with easy access to outdoor recreational activities. The real estate market here reflects a blend of affordable housing options and steady demand from renters and buyers alike.

The Fair Market Rent (FMR) for ZIP 13030 in fiscal year 2024 is set at $1000 per month, indicating a government benchmark for rental rates in the area.
The average market rent, according to Census ACS data, stands at $798 per month, suggesting that rents in Bridgeport are below the FMR, which could provide opportunities for landlords to increase their rental income without pricing out tenants.
The median home value in Bridgeport is $249,422, making it an attractive location for both first-time homebuyers and investors looking for properties with solid appreciation potential.
Renters make up 12.9% of the housing market in Bridgeport, a figure that suggests a smaller but still significant demand for rental properties. This percentage can be used to gauge the potential occupancy rates for rental investments.
The median household income in the area is $68,306, providing insight into the financial capacity of local residents to afford higher rents or property values, should they increase.
The Days on Market (DOM) for listings in Bridgeport is not available, which might indicate a limited number of transactions or a rapidly selling market where properties don't linger long before being sold.

In summary, Bridgeport offers a niche market for real estate investment, characterized by below-average rental rates compared to the FMR, a modest but stable share of renters, and a median home value that indicates good potential for growth. With the median income supporting the possibility of higher rents, landlords and small-portfolio investors can consider adjusting their rental prices to capture more of the market value. However, the absence of DOM data suggests caution in assessing the speed of property sales, though it also hints at a brisk market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.