Section 8 Fair Market Rent (FMR) for ZIP 13325 - 2027

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

Investment Score for ZIP 13325

N/A

Monthly Rent (2BR)

$1,030

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$750
1 Bedroom	$870
2 Bedrooms	$1,030
3 Bedrooms	$1,430
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Investment Analysis by Bedroom Size

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

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,430	$193,909	0.74%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

918

Median Household Income

$58,750

Housing Units

708

Renter Percentage

16.5%

Occupancy Rate

58.9%

Renter Occupied

ZIP code 13325, located within the Lewis County, NY metro area, presents a unique set of characteristics that position it as a mid-tier neighborhood. The Fair Market Rent (FMR) for the area is set at $1,050 for fiscal year 2026, which is higher than the average market rent of $861. This suggests that while the government's benchmark for affordable housing rental rates is slightly elevated, actual market conditions might be more favorable for landlords.

The median home value in ZIP 13325 stands at $171,151, which is indicative of a modest property investment environment. When compared to other ZIP codes within Lewis County, NY, this figure likely aligns closely with the regional average, making it neither a premium nor a value pocket in terms of home value.

The renter share in ZIP 13325 is 16.5%, which is notable but does not necessarily signal a significant concentration of Section 8 tenants. However, the combination of a relatively high renter share with below-metro average home values can be seen as an opportunity for landlords who are looking to attract Section 8 tenants without having to invest in higher-priced properties.

To further contextualize these figures, consider the following:

Fair Market Rent ($1,050): This rate is set by HUD and reflects the amount needed for a moderate-quality rental unit. It is above the current market rent, indicating potential for rental income growth if market conditions align with government standards.
Market Rent ($861): This represents the actual average rent being charged in the market, which is currently lower than the FMR. Landlords could leverage this gap to increase rents gradually towards the FMR level.
Home Value ($171,151): This value suggests a moderate investment cost for property owners. While not the lowest in the region, it remains accessible for many investors.
Renter Share (16.5%): A higher-than-average percentage of renters in the area can indicate a greater demand for affordable housing, which is beneficial for landlords participating in Section 8 programs.

In summary, ZIP code 13325 appears to be a mid-tier neighborhood within the Lewis County, NY metro area, offering a balance between investment costs and rental income potential. Its characteristics make it a viable option for landlords interested in Section 8 participation, particularly due to the high renter share and below-metro average home values.

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.