Location: Cayuga County, NY | Metro: Cayuga County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
The Fair Market Rent (FMR) for ZIP code 13139 in Unknown, NY, is set at $1,120 for the fiscal year 2026. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is the payment standard, not the actual rent you will receive. The tenant pays a portion of their income towards rent, and the voucher covers the difference up to the FMR.
Local market rents in ZIP 13139 are currently N/A. However, the percentage of renters in the area is N/A%, indicating a significant demand for rental properties. This high demand suggests that there is a good chance of finding tenants who qualify for Section 8 assistance.
The median home value in this area is N/A, which can help you gauge the potential acquisition cost of a property suitable for a Section 8 rental. While this figure does not directly relate to rental costs, it provides insight into the overall real estate market value in the region.
Before proceeding with your first Section 8 rental in ZIP 13139, ensure that the property meets all the necessary inspection criteria. The housing authority will conduct an inspection to confirm that the unit is safe, decent, and sanitary, and that it complies with local housing codes. This is crucial because failing the inspection could delay or prevent you from renting to a Section 8 tenant.
In summary, with an FMR of $1,120, you have a clear benchmark for the maximum rent you can charge under the Section 8 program. The high demand for rentals and the median home value provide additional context for making an informed decision about your investment. Just make sure your property passes the required inspection to avoid any complications.
Data Sources: FMR data from HUD (2027).
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.