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 | $1,040 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,480 | $185,814 | 0.8% | D |
| 3BR | $1,790 | $225,391 | 0.79% | D |
| 4BR | $1,950 | $263,069 | 0.74% | D |
U.S. Census Bureau data (2024)
ZIP 13131, located in Parish, NY, within the Syracuse, NY MSA, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. This designation is based on the favorable financial metrics that indicate a stable and predictable rental income source.
The Federal Market Rent (FMR) for FY 2024 in ZIP 13131 is set at $1170, while the current market rent stands at $888. This creates a positive spread of $282 per unit, which means landlords participating in the Section 8 program can expect to receive higher rents compared to the local market rate. This spread ensures that properties in ZIP 13131 can generate consistent cash flow, making it an ideal choice for those looking to stabilize their investment portfolio.
A cash-flow anchor also benefits from lower risks associated with property values and market fluctuations. The median home value in ZIP 13131 is $207,039, which is relatively low. While this might suggest limited potential for appreciation, it also implies that the risk of significant drops in property value is minimized. Landlords can focus on long-term, steady returns rather than speculative gains.
The median income in ZIP 13131 is $70,286, which supports the stability of the tenant pool. With a renter share of 18.1%, there is a substantial portion of the population relying on rental housing, including those eligible for Section 8 assistance. This high renter share ensures a steady demand for rental units, further reinforcing the cash-flow anchor status.
In conclusion, ZIP 13131 serves as a strong cash-flow anchor within a Section 8 portfolio strategy due to its positive spread between FMR and market rent, stable property values, and reliable tenant demand. These factors contribute to a secure and predictable investment opportunity, aligning well with the goals of landlords and small-portfolio investors seeking stability and regular income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.