Section 8 Fair Market Rent (FMR) for ZIP 13339 - 2027

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

Investment Score for ZIP 13339

Monthly Rent (2BR)

$1,060

Median Price (2BR)

$152,409

1% Rule

0.7%

Annual Yield

8.35%

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	$1,290
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	$152,409	0.7%	D
3BR	$1,290	$183,897	0.7%	D
4BR	$1,470	$210,259	0.7%	D
5BR	$1,705	$297,950	0.57%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,010

Median Household Income

$56,047

Housing Units

2,828

Renter Percentage

20.7%

Occupancy Rate

83.2%

Renter Occupied

488

Fort Plain, NY, located in ZIP code 13339, is a small village with a population of approximately 2,500 residents. The area is known for its rural setting and agricultural heritage, yet it offers easy access to larger cities such as Amsterdam and Canajoharie. This analysis provides insights into the real estate market dynamics relevant to landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 13339 in fiscal year 2024 is set at $980, indicating the maximum amount HUD will pay for low-income housing rental assistance.
The market rent, based on Census American Community Survey (ACS) data, stands at $867, suggesting that the average rent charged in the area is slightly below the FMR.
The median home value in Fort Plain is $169,592, which is relatively affordable compared to other regions in New York State.
Renters make up 20.7% of the housing market, showing a moderate demand for rental properties.
The median income in the area is $56,047, providing context for the economic profile of potential tenants and buyers.

Given the data points, investors can expect a stable but modest rental market in Fort Plain, NY. The gap between the Fair Market Rent and the actual market rent suggests opportunities for landlords to potentially increase rents while remaining competitive. However, the lower median home values and income levels indicate that pricing must be carefully considered to align with the local economy. A moderate renter share implies a steady demand for rental units, making Fort Plain a viable option for small-portfolio investors looking for a less volatile market. Overall, Fort Plain presents a conservative investment opportunity with room for growth, particularly for those who can offer quality, cost-effective rental options.

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.