Location: Lewis County, NY | Metro: Lewis 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 | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $171,368 | 0.82% | C |
| 4BR | $1,600 | $175,678 | 0.91% | C |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 13368 are straightforward. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment is set at $970 per month for fiscal year 2026. This figure represents the maximum amount that the program will pay for rent in this specific ZIP code. In contrast, the local market rent for a similar unit is reported to be $625 based on Census ACS data.
A landlord participating in the Section 8 program should understand how the rental payment is structured. The voucher system operates under a formula where the tenant pays 30% of their adjusted monthly income towards rent and utilities. The remaining balance, up to the SAFMR limit, is covered by the housing authority. Utility allowances are separate payments made directly to the landlord to cover the tenant's utility costs, ensuring that the total rent plus utilities does not exceed the SAFMR.
To illustrate, if a tenant's 30% contribution towards rent and utilities totals $300, then the housing authority would reimburse the landlord the difference between the tenant’s contribution and the SAFMR. In this case, the landlord would receive $670 from the housing authority, bringing the total reimbursement to $970 per month. This calculation assumes that the utility allowance covers the tenant's utility expenses without exceeding the SAFMR cap.
The SAFMR being higher than the local market rent means that there is a surplus for landlords. Specifically, for a two-bedroom unit, the SAFMR of $970 exceeds the local market rent of $625 by $345. This surplus provides landlords with additional financial stability, as they are guaranteed a higher rent payment than the average market rate. It also allows landlords to potentially maintain higher standards of living spaces, knowing that the rent will be consistent and subsidized.
In summary, landlords in ZIP code 13368 can expect a reimbursement of $970 per month for a two-bedroom apartment under the Section 8 program, which is significantly above the local market rent of $625. This results in a surplus of $345 per month, making participation in the Section 8 program financially beneficial for landlords in this area.
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.