Location: Chenango County, 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 | $1,020 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,530 | $179,204 | 0.85% | C |
U.S. Census Bureau data (2024)
ZIP 13072, located in Chenango County, NY metro, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the favorable financial metrics that support stable rental income generation.
The Federal Market Rent (FMR) for ZIP 13072 in fiscal year 2024 is set at $1040 for a one-bedroom unit. Comparatively, the market rent for the same unit type stands at $797. This creates a positive spread of $243 per month, indicating that landlords can expect to receive higher rental payments through Section 8 vouchers than they would from market-rate tenants. This is particularly advantageous given the lower median home value in the area, which is $145,004, suggesting that the local economy supports affordable housing without compromising on rental income stability.
ZIP 13072 does not present itself as an appreciation play due to the lack of data regarding price-cut shares and days on the market (DOM). These factors are crucial for identifying potential growth areas in property values, but in this case, they remain undefined. Consequently, focusing on appreciation in this ZIP code would be speculative and less reliable compared to leveraging the consistent cash flow benefits.
While the ZIP code offers a diversification opportunity with a 18.6% renter share and a median income of $48,611, these attributes are secondary when considering the robust cash-flow opportunities available. The high renter share indicates a demand for rental properties, and the median income suggests that tenants are likely to qualify for Section 8 assistance, ensuring a steady stream of rental income.
In summary, ZIP 13072 should primarily serve as a cash-flow anchor in a Section 8 portfolio strategy. The significant spread between the FMR and market rent, combined with the affordability of the area, makes it an ideal location for landlords seeking stable, predictable income streams.
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.