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 | $1,020 |
| 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 | $215,578 | 0.58% | F |
| 3BR | $1,530 | $278,552 | 0.55% | F |
| 4BR | $1,670 | $323,647 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 13082, located in Kirkville, NY, falls within the Syracuse, NY MSA metro area. When analyzing its Fair Market Rent (FMR) of $1030 for fiscal year 2024, it's important to note that this figure represents the maximum amount that low-income families should pay in rent. In comparison to typical ZIP codes within the Syracuse, NY MSA, where the average market rent is generally lower, the FMR in 13082 stands out as significantly higher.
The market rent of $631 in ZIP 13082 is notably below the FMR, suggesting that rental properties here might be undervalued relative to what the government deems fair for low-income housing assistance. This discrepancy could indicate a potential value pocket for landlords participating in the Section 8 program, as they can potentially charge closer to the FMR while still offering competitive rents to tenants.
The median home value of $259,550 in 13082 is also lower than many other ZIP codes within the larger Syracuse, NY MSA, which typically see home values above this level. This makes 13082 an attractive location for both investors and homeowners looking for more affordable options within the metro area.
The renter share of 7.8% in ZIP 13082 is relatively low compared to the average renter share across the Syracuse, NY MSA, which tends to be higher. However, this low percentage does not necessarily mean that the ZIP is less desirable for Section 8 participants; it simply reflects the overall composition of housing tenancy in the area.
In summary, ZIP 13082 appears to be a value pocket within the Syracuse, NY MSA. The combination of a lower market rent and median home value, coupled with a higher FMR, suggests that there is a significant opportunity for landlords who can leverage the Section 8 program to attract tenants while maintaining competitive pricing. The lower-than-average renter share does not detract from this assessment but highlights the need for landlords to actively participate in the Section 8 program to capitalize on the available federal subsidies.
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.