Location: Syracuse, NY | Metro: Syracuse, NY MSA
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 | $900 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,030 | $122,547 | 0.84% | C |
| 2BR | $1,280 | $155,624 | 0.82% | C |
| 3BR | $1,550 | $191,933 | 0.81% | C |
| 4BR | $1,680 | $217,114 | 0.77% | D |
| 5BR | $1,949 | $222,182 | 0.88% | C |
U.S. Census Bureau data (2024)
The ZIP code 13069, located in Fulton, NY, presents a moderate opportunity for landlords interested in attracting Section 8 tenants. With a population of 22,810, the area has a significant rental market, with 33.5% of residents being renters. This indicates a substantial portion of the population that could potentially utilize housing vouchers.
The median household income in ZIP 13069 is $63,113, which provides a benchmark for understanding the financial capacity of potential tenants. The average market rent stands at $926 per month, representing approximately 17.7% of the median household income. This suggests that typical rents are reasonably affordable for most households, but still a considerable expense.
Comparatively, the Fair Market Rent (FMR) for ZIP 13069 as of FY 2024 is set at $1010. This means that the actual market rent is slightly below the FMR, indicating that landlords can expect to charge close to the FMR without pricing out many potential voucher holders. However, the lower market rent also implies that there might be competition among landlords to secure tenants who have the full voucher amount available.
To conclude, landlords in ZIP 13069 should anticipate a mix of tenants. Many will likely be seeking assistance through Section 8 vouchers due to the high proportion of renters and the affordability of typical rents relative to local incomes. Tenants will generally be middle-income individuals or families who may benefit from the subsidy to cover a larger portion of their housing costs, given the slight gap between market rent and FMR.
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.