Location: Lewis County, NY | Metro: Lewis County, NY
| 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 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 13404 in fiscal year 2026 is set at $1,000. This figure represents the payment standard for Section 8 housing vouchers, which is the amount that the government will pay on behalf of eligible tenants. It's important to note that this does not mean you can charge $1,000 as rent; it's the maximum subsidy amount. The actual rent you set must be reasonable compared to other rental properties in the area.
In ZIP 13404, the median rent is currently listed as N/A, which means there isn't enough recent data to provide an accurate comparison. However, given the 37.9% of the population that are renters, there is a significant demand for affordable housing options. This percentage suggests that nearly four out of ten residents are looking for places to rent, making the potential market for your property strong if priced correctly.
While the acquisition cost for properties in this area is also listed as N/A, indicating a lack of current data, the high renter share points to a competitive rental market. Landlords should be prepared to offer a competitive rent that aligns with the FMR but also reflects the condition and amenities of their property.
To ensure success with your first Section 8 rental, verify that your property meets all the required standards for habitability and safety. These standards are set by the Department of Housing and Urban Development (HUD) and are essential to receive approval for the Section 8 program. They include ensuring the property is free from health and safety hazards, has proper heating and plumbing, and is generally well-maintained.
By setting a reasonable rent that is close to the FMR of $1,000 and confirming that your property complies with HUD standards, you can attract tenants who qualify for Section 8 vouchers and benefit from a stable rental income in an area with a substantial renter base.
Data Sources: FMR data from HUD (2027). 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.