Location: Cayuga County, NY | Metro: Cayuga County, NY
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 | $940 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $163,007 | 0.71% | D |
| 3BR | $1,540 | $210,980 | 0.73% | D |
| 4BR | $1,770 | $230,263 | 0.77% | D |
U.S. Census Bureau data (2024)
The ZIP code 13140, located in Port Byron, NY, hosts a population of 3,959 residents, with 20.1% of them being renters. This indicates that the area is primarily homeowner-dominated, with only about one-fifth of the population renting their homes. The median household income stands at $61,977, which provides a baseline for understanding the economic context of potential tenants.
The market rent in this area is currently set at $1,011 per month. To contextualize this figure, it represents approximately 19.5% of the median household income when calculated annually. This means that the typical rent eats up nearly a fifth of the average resident's annual income, highlighting the financial burden that renting can impose on individuals in this ZIP code.
Comparatively, the Fair Market Rent (FMR) for the metro area is $1,190 for FY 2026, indicating that the current market rent in Port Byron is below the regional average. This suggests that landlords in Port Byron might have an advantage in attracting tenants who are looking for more affordable housing options within the broader region.
Given the demographic and economic factors, landlords in ZIP 13140 should expect a tenant pool that is likely to be heavily reliant on rental assistance programs such as Section 8 vouchers. The scarcity of renters relative to homeowners implies that those who do rent may require financial aid to afford housing. With the median income and market rent as key indicators, it's reasonable to anticipate that many tenants will seek out properties that accept Section 8 vouchers to help cover their living expenses.
In conclusion, while Port Byron is not a renter-heavy ZIP code, the combination of its below-average market rent and the presence of Section 8 vouchers makes it a viable option for landlords willing to participate in the program. The expected tenant profile would consist of individuals who benefit from rental subsidies, allowing them to secure housing that aligns with their financial capabilities.
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.