Location: Lewis County, 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 | $900 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $187,368 | 0.67% | D |
| 3BR | $1,530 | $219,249 | 0.7% | D |
| 4BR | $1,670 | $233,404 | 0.72% | D |
| 5BR | $1,937 | $228,115 | 0.85% | C |
U.S. Census Bureau data (2024)
193,086 The median home value in ZIP code 13316, Camden, NY, stands at $193,086, providing a solid baseline for investment property valuations. 730 In contrast to the Fair Market Rent (FMR) of $1000 for zip code 13316 in fiscal year 2024, the actual market rent, as reported by the Census ACS, is $730, indicating a gap between government-set rates and local market conditions. 13.8 A mere 13.8% of residents in this area are renters, suggesting a smaller pool of potential Section 8 tenants compared to areas with higher rental shares. 66,760 With a median income of $66,760, many households might find it challenging to meet the income eligibility requirements for Section 8 housing, which typically caps at 50% of the area median income. N/A The lack of available data on days on market (DOM) and the percentage of homes experiencing price cuts suggests a stable market without significant fluctuations or prolonged periods of unsold inventory. This stability can be advantageous for long-term investments. 1000 However, the $1000 FMR for Section 8 in ZIP 13316 could offer a lucrative opportunity for landlords willing to participate, given the lower actual market rents. 730 Landlords who set their rents at the market rate of $730 could attract both regular and Section 8 tenants, maximizing occupancy and minimizing vacancies. 193,086 Investors looking to purchase properties in Camden, NY, should consider the median home value when assessing the potential return on investment, especially if they plan to renovate and rent out these homes. 13.8 Despite the low renter share, the combination of stable home values and the disparity between FMR and market rent presents an opportunity for savvy landlords. 1000 The Section 8 program's FMR of $1000 provides a guaranteed income floor, protecting against market downturns. 730 Additionally, setting rents below the FMR could attract more tenants, increasing demand and potentially leading to higher occupancy rates. 193,086 For small-portfolio investors, Camden, NY, offers a balanced market with opportunities for both purchasing and renting out homes profitably. 1000 Participation in the Section 8 program can ensure steady cash flow, making it a viable option for those interested in long-term, stable rental investments. 193,086 Overall, the real estate landscape in ZIP 13316 is conducive to investment, particularly for those considering the Section 8 program as part of their rental strategy.
1000 Verdict: Section 8 participation in Camden, NY, is financially sound for landlords aiming to capitalize on stable market conditions and guaranteed tenant 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.