Location: Otsego County, NY | Metro: Otsego County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
ZIP Code 13333, located in Otsego County, NY, is best suited as a diversifier within a Section 8 portfolio strategy. The median income in the area is $42,813, indicating a population that heavily relies on government assistance programs such as Section 8 for housing. With a 26.1% renter share, this ZIP code provides ample opportunity for landlords to secure tenants through the Section 8 program.
The Family Monthly Rent (FMR) for the metro area in fiscal year 2026 is set at $1,320. While the market data and median home values are not explicitly provided, we can infer that the area is less expensive than the national average. For instance, the median home value in ZIP Code 13333 is $152,100, which is significantly lower than the state-wide median of $313,700 in New York. This lower cost of living and property value can be advantageous for investors looking to balance their portfolios with properties in different economic brackets.
Although appreciation plays are typically sought after in real estate investments, the lack of specific growth metrics and the low median home value suggest that ZIP 13333 is more about steady cash flow rather than rapid appreciation. The absence of high percentage price-cut shares and specific days on market (DOM) figures means there's limited data to support an appreciation strategy.
In conclusion, ZIP 13333 serves as a diversifier due to its reliance on government-assisted housing and lower-than-average property values, making it a valuable addition to a Section 8 portfolio strategy for those seeking stable cash flow and tenant security.
Data Sources: FMR data from HUD (2027). 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.