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 | $1,080 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $235,848 | 0.65% | D |
| 3BR | $1,850 | $266,304 | 0.69% | D |
| 4BR | $2,010 | $331,529 | 0.61% | D |
| 5BR | $2,332 | $368,233 | 0.63% | D |
U.S. Census Bureau data (2024)
Liverpool, NY, located in ZIP code 13088 and part of the Syracuse, NY MSA metro area, serves best as an appreciation play within a Section 8 portfolio strategy. The key metric supporting this classification is the low 0.1% price-cut share, indicating that homes in this area are rarely discounted, suggesting strong demand and stability in property values.
To further substantiate this claim, consider the following: the Fair Market Rent (FMR) for ZIP 13088 in fiscal year 2024 is set at $1,230, while the market rent stands at $1,157. This slight spread indicates that Section 8 payments are above market rates, providing a cushion for landlords. Additionally, the median home value of $258,672 is a solid figure that reflects the area's stable housing market.
The lack of data on days on market (DOM) could imply that homes in Liverpool sell quickly, another positive indicator for appreciation potential. However, the absence of this metric does not detract from the overall positive outlook for property value growth in the area.
Apart from the appreciation angle, Liverpool also offers a decent diversification opportunity. With a 41.2% renter share, there is a significant portion of the population that relies on rental properties, ensuring a steady demand for rentals. The median household income of $75,378 provides assurance that tenants can afford higher rents, which is beneficial for landlords when negotiating lease terms.
In conclusion, ZIP 13088 in Liverpool, NY, is primarily an appreciation play due to the low price-cut share and stable median home value. While it also offers diversification benefits through a high renter share and solid median income, the core strategy should focus on capitalizing on the area's potential for property value growth.
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.