Section 8 Fair Market Rent (FMR) for ZIP 13312 - 2027

Location: Lewis County, NY | Metro: Lewis County, NY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$860
2 Bedrooms	$1,010
3 Bedrooms	$1,410
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

228

Median Household Income

$72,266

Housing Units

629

Renter Percentage

N/A

Occupancy Rate

20.5%

Renter Occupied

The ZIP code 13312, located in the heart of Utica, New York, is characterized by a unique blend of historical charm and modern amenities. This area offers a variety of housing options, from single-family homes to apartments, catering to both residents and potential investors.

The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,010, providing a benchmark for rental pricing in the region.
Market rent data is currently unavailable, indicating a lack of recent comprehensive studies on the area's rental trends.
The median home value is also not available, suggesting that there might be limited data on the sale prices of homes in this ZIP code.
Renters make up 0.0% of the population, which is an anomaly and likely due to data limitations or specific characteristics of the housing stock.
The days on market (DOM) figure is not available, making it difficult to assess how quickly properties are typically sold in this area.
The median household income stands at $72,266, reflecting a stable economic environment suitable for homeownership but potentially limiting the number of renters.

Given the data points, investors should note the high benchmark for Fair Market Rent, which suggests strong potential for rental income if properties can be leased out. The absence of market rent and median home value data indicates a need for further local research to understand current market conditions accurately. The exceptionally low renter share and median income levels imply a strong preference for homeownership among residents, which could affect the demand for rental properties. Overall, while there is potential in the rental market, investors must carefully consider the local dynamics and possibly focus on owner-occupied properties for a more secure investment strategy.

Data Sources: FMR data from HUD (2027). 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.