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 | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $246,502 | 0.58% | F |
| 4BR | $1,610 | $296,266 | 0.54% | F |
U.S. Census Bureau data (2024)
17.4% of residents in ZIP 13348 are renters, indicating a significant demand for rental properties in the area. Given the $1,064 market rent as reported by the Census ACS, landlords can expect competitive rental rates. However, the $1,140 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that landlords participating in the Section 8 program could receive slightly higher rents, ensuring a stable cash flow. The median home value of $226,852 provides a benchmark for property values, which can be useful for assessing potential investments. With a median income of $80,245, tenants in this ZIP code are likely to have sufficient financial stability to meet their rent obligations, both in market-rate rentals and through the Section 8 program. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the economic indicators point towards a robust rental market. The combination of a healthy median income and a reasonable market rent supports the viability of rental properties in ZIP 13348. The presence of the Section 8 program, with its set FMR, offers an additional layer of security for landlords and small-portfolio investors, ensuring consistent rental payments regardless of market fluctuations. In conclusion, the data from ZIP 13348, including its median home value, median income, and market rent, coupled with the availability of the Section 8 program, presents a favorable environment for investment in rental properties.
Section 8 Verdict: Acceptable for investment.
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.