Location: Utica-Rome, NY | Metro: Utica-Rome, 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 | $1,020 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $225,548 | 0.64% | D |
| 3BR | $1,720 | $287,478 | 0.6% | F |
| 4BR | $1,950 | $400,566 | 0.49% | F |
| 5BR | $2,262 | $465,914 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 13323, located in Clinton, NY, presents a unique balance between yield and stability that is appealing to both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,220, which is notably higher than the current market rent of $1,080. This discrepancy suggests a potential for above-average rental yields if properties can be rented at or near the FMR. Additionally, the median home value in the area stands at $296,977, indicating a moderate investment cost.
On the stability front, 13323 has a substantial portion of its population renting—33.3%—which is a positive sign for rental demand. However, the lack of data on days on market (DOM) suggests there might be some volatility in the rental market, although this could also mean the market is stable enough that listings do not linger long. The average household income in the area is $78,224, which supports the ability of tenants to pay rents that are close to the FMR.
Given these factors, ZIP 13323 leans towards being a steady-cashflow zone. While it offers a decent yield opportunity due to the higher FMR compared to the market rent, the significant percentage of renters and reasonable household income levels suggest a relatively stable tenant base. Investors should focus on properties that can command rents closer to the FMR to maximize their returns without risking occupancy rates. It's important to note that achieving the FMR may require maintaining a high standard of property upkeep and amenities to attract tenants willing to pay premium rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.