Location: Otsego County, NY | Metro: Otsego County, NY
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 | $980 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,690 | $313,051 | 0.54% | F |
| 4BR | $1,870 | $418,624 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP code 13337, located within Otsego County, NY, presents an interesting mix of characteristics when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 13337 stands at $1,560 for fiscal year 2026, which is higher than the median market rent of $1,335. This indicates that while rental prices are above average, they are still within a reasonable range for the area.
The median home value in ZIP 13337 is $313,341, which places it firmly in the middle tier of neighborhoods in Otsego County. Home values in the county can vary widely, but this figure suggests that 13337 offers a balance between affordability and quality of life.
A key factor for Section 8 analysis is the percentage of renters. ZIP 13337 has a renter share of 36.9%, which is notably higher than the typical county average. This high proportion of renters combined with below-average home values could signal a potential sweet spot for landlords and small-portfolio investors looking to participate in the Section 8 program.
To determine if ZIP 13337 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must consider the interplay between FMR, market rent, and home values. Given the above-average FMR and market rent, coupled with the median home value, ZIP 13337 appears to be a mid-tier neighborhood. It offers opportunities for both rental income and property appreciation, without reaching the premium levels associated with the highest-priced ZIP codes in the county.
The divergence between the high renter share and the median home value in ZIP 13337 makes it particularly attractive for Section 8 participation. Landlords can benefit from a larger pool of potential tenants who qualify for assistance, thereby reducing vacancy rates and ensuring steady income.
In conclusion, ZIP 13337 represents a balanced opportunity within Otsego County's real estate market. Its characteristics suggest a mid-tier status with potential advantages for Section 8 landlords due to its high renter share and reasonable 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.