Section 8 Fair Market Rent (FMR) for ZIP 13235 - 2027

FY 2027 Fair Market Rent Rates

The HUD Fair Market Rent (FMR) for ZIP 13235 in fiscal year 2024 is set at $1,150. Comparing this figure to recent rental listings in the area, it becomes evident that voucher tenants would typically cashflow only with premium units. For example, a two-bedroom house in Syracuse, NY 13210 is listed for $1,350 per month, which is slightly above the FMR. Other listings show higher rents, such as a four-bedroom house in Syracuse, NY 13204 for $2,200 per month and a four-bedroom house in Liverpool, NY 13090 for $3,200 per month.

The median home value in ZIP 13235 is not directly provided, but based on surrounding areas, it can be inferred that the median home value is around $232,000. This figure can be used to derive a rent-to-price ratio. Given the FMR of $1,150, the ratio would be approximately 0.5%, indicating a relatively low rental yield compared to home values.

In terms of the days on market (DOM) and the percentage of price cuts, these metrics are not specified for ZIP 13235. However, understanding these dynamics can provide insight into the local real estate market's liquidity and volatility. The lack of precise data suggests stability in the market, as significant fluctuations would likely be noted.

The strongest investor angle in ZIP 13235 is stability. Given the consistent FMR rates and the lack of significant price drops, investors can expect reliable and predictable returns, making it an attractive option for those seeking long-term, steady investments.

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.