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 | $1,030 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $297,959 | 0.49% | F |
| 3BR | $1,780 | $343,754 | 0.52% | F |
| 4BR | $1,930 | $413,247 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 13110, located in Marietta, NY, presents an interesting landscape for both renters and landlords. The median income for a household in this area stands at $93,438, which is a significant figure. However, when it comes to housing affordability, the situation becomes more nuanced.
According to Census ACS data, the market rate for rent in ZIP 13110 is $1,024 per month. This represents a substantial portion of the average household's income, especially considering that the typical renter spends around 30% of their income on housing. In this case, the monthly rent of $1,024 would account for approximately 27% of the median household income, making it a challenging expense for many residents.
The Federal Market Rent (FMR) for ZIP 13110 in fiscal year 2024 is set at $1,230. This is higher than the market rate, indicating that the government aims to cover a broader range of housing costs through vouchers. For renters, this means that those who qualify for Section 8 vouchers might find it easier to secure housing that meets their needs, as the voucher amount exceeds the typical market rate.
Given that only 11.6% of the 2,494 population are renters, the competition among landlords for tenants is relatively low. This translates to a smaller pool of potential cash-paying tenants, making the decision to accept Section 8 vouchers a strategic consideration for landlords.
The affordability gap between the median income and the market rate rent suggests that many households in Marietta, NY, would struggle to pay rent without assistance. As such, landlords who are willing to accept Section 8 vouchers could attract a more stable tenant base, as these vouchers provide guaranteed rental payments directly from the government.
In conclusion, landlords in ZIP 13110 should consider the benefits of accepting Section 8 vouchers. While the market rate rent of $1,024 is already a considerable expense for the average household, the FMR of $1,230 offers a more generous payment structure. Accepting vouchers can help landlords fill vacancies in a competitive environment where cash-paying tenants are scarce, ensuring steady and reliable income.
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.