Section 8 Fair Market Rent (FMR) for ZIP 13324 - 2027

Location: Utica-Rome, NY | Metro: Utica-Rome, NY MSA

Investment Score for ZIP 13324

Monthly Rent (2BR)

$1,060

Median Price (2BR)

$160,376

1% Rule

0.66%

Annual Yield

7.93%

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

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$840
2 Bedrooms	$1,060
3 Bedrooms	$1,270
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,060	$160,376	0.66%	D
3BR	$1,270	$211,544	0.6%	D
4BR	$1,470	$229,890	0.64%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,729

Median Household Income

$86,176

Housing Units

1,356

Renter Percentage

8.1%

Occupancy Rate

57.4%

Renter Occupied

Cold Brook, NY, represented by ZIP code 13324, is a suburban area known for its quiet neighborhoods and proximity to larger urban centers. The region offers a mix of rental properties and homeownership opportunities, catering to various demographics including families and retirees.

The Fair Market Rent (FMR) for a two-bedroom apartment in Cold Brook, NY for fiscal year 2024 is set at $910.
The average market rent for the same type of unit, according to the latest Census American Community Survey (ACS) data, stands at $808.
The median home value in the area is $169,158, indicating a relatively affordable housing market.
Renters make up only 8.1% of the total population, suggesting that homeownership is more prevalent in this ZIP code.
The median household income in Cold Brook, NY is $86,176, which can support higher rents but also implies a strong demand for homeownership.

Given these data points, it's clear that Cold Brook, NY presents a mixed market opportunity for real estate investors. While the FMR slightly exceeds the market rent, indicating a potential for modest rental price increases, the low renter share suggests that focusing on homeownership investments might yield better returns. The median home value being below the national average provides a good entry point for investment in residential properties. However, the higher median income supports both rental and homeownership markets, making Cold Brook a viable option for diversified portfolios. Investors should consider the local demand dynamics carefully before deciding on the type of property to invest in.

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.