Section 8 Fair Market Rent (FMR) for ZIP 13317 - 2027

Investment Score for ZIP 13317

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

To determine if you should buy in ZIP code 13317 (Canajoharie, NY) for Section 8 purposes, follow this decision tree:

• 1) Does FMR $1,070 (metro FY 2026) clear debt service on a $180,738 property?
  • Yes: The Fair Market Rent (FMR) of $1,070 is sufficient to cover the debt service on a property valued at $180,738. This means that a landlord can expect to receive rental income that meets or exceeds the mortgage payment.
  • No: The FMR of $1,070 does not clear the debt service on a property valued at $180,738. This indicates that the rental income might be insufficient to meet the mortgage payment requirements, making it a risky investment for Section 8 purposes.
• 2) Is market rent $870 (Census ACS) above, at, or below FMR?
  • Above: If the market rent is higher than the FMR, landlords will find themselves undercharging compared to what the market could bear. This would mean less potential income unless the landlord opts for market rates over Section 8.
  • At or Below: With the market rent at $870, which is below the FMR of $1,070, landlords can potentially charge the higher FMR rate for Section 8 tenants, maximizing their income relative to the market conditions.
• 3) Are 19.3% renters + N/A-day DOM enough demand?
  • Yes: If there's sufficient demand, the 19.3% of the population who are renters suggests a steady pool of potential tenants. However, the absence of data regarding days on market (DOM) makes it challenging to assess the speed at which properties are rented out. Assuming other factors indicate strong demand, this ZIP code could be viable for Section 8 investments.
  • No: If there isn't enough demand, despite the 19.3% of renters, it could be due to high competition or low turnover rates, indicated by a high DOM. In such a scenario, securing tenants, especially those participating in the Section 8 program, might be difficult.
  • It Depends: Given the lack of DOM data, it's unclear how quickly properties are leased. A deeper analysis into local real estate trends and the specific dynamics of the Section 8 program in Canajoharie, NY, would be necessary to make an informed decision.

If you answer yes to the first question and find that the market rent is below the FMR, and there's enough demand based on the percentage of renters, then the ZIP code 13317 is likely a good investment for Section 8 properties. However, without concrete data on DOM, some uncertainty remains about the leasing process speed.

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.