Location: Cayuga 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 |
|---|---|---|---|---|
| 2BR | $1,260 | $194,047 | 0.65% | D |
| 3BR | $1,530 | $256,135 | 0.6% | F |
| 4BR | $1,670 | $291,905 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 13080 in Jordan, NY, stands out within Onondaga County due to its unique demographic and economic characteristics. With a total population of 3,313 residents, 16.7% of whom rent their homes, the area has a median household income of $83,882 and a median home value of $228,932. These figures suggest a relatively affluent community where homeownership is prevalent.
However, the dynamics shift when considering the housing assistance landscape. The Fair Market Rent (FMR) for ZIP 13080 as of the fiscal year 2024 is set at $1,000, significantly higher than the reported market rent of $793 based on Census ACS data. This discrepancy indicates that landlords participating in the Section 8 program could benefit from higher rental rates compared to the local market average. For instance, if a landlord were to charge the market rate of $793 for a unit, they would receive an additional subsidy to bring the total rent up to the FMR level of $1,000, thus increasing their income potential.
The data signature for ZIP 13080 reads as stable. Despite the relatively low percentage of renters, the median income and home values indicate a steady financial environment. The higher FMR compared to the market rent suggests that the Section 8 program can be a viable option for landlords looking to maintain consistent cash flows without the volatility associated with market fluctuations. Additionally, the program provides a guaranteed source of income through the Housing Choice Voucher, which covers any shortfall between the market rent and the FMR, making it an attractive proposition for those who wish to avoid the risks inherent in transitional markets.
In summary, ZIP 13080 presents a stable investment opportunity for landlords and small-portfolio investors, particularly within the context of the Section 8 program. The economic indicators point towards a secure environment, while the voucher economics offer a clear advantage over market rates, ensuring a reliable income stream.
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.