Location: Syracuse, NY | Metro: Syracuse, 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 | $1,040 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $245,707 | 0.59% | F |
| 3BR | $1,790 | $263,349 | 0.68% | D |
U.S. Census Bureau data (2024)
The ZIP Code 13334 in Eaton, NY, is classified on two axes: yield and stability. For the fiscal year 2024, the Fair Market Rent (FMR) for ZIP 13334 is set at $1,000, which is higher than the market rate of $825. This suggests a potential for higher rental yields. However, the median home value in the area stands at $227,083, indicating a relatively moderate investment cost.
In terms of stability, the data shows that 16.9% of the population are renters, with the median household income being $62,335. The income figure is slightly higher than the previously mentioned $58,125, which likely reflects a more accurate recent estimate. Despite the lack of specific days on market (DOM) data, the vacancy rate of 36.3% suggests a stable market with a reasonable amount of available properties.
Evaluation: ZIP 13334 falls into a category of moderate yield and moderate stability. While the FMR is higher than the market rate, leading to a potentially favorable rental yield, the relatively low median income and high vacancy rate indicate a balanced approach to investment. Landlords and small-portfolio investors should consider these factors carefully before making investment decisions in this area.
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.