Location: Montgomery County, NY | Metro: Montgomery County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
A ZIP 13410 investment under the Section 8 program faces several potential challenges. Firstly, tenant turnover is likely to be higher due to the significant gap between the market rent at $623 and the Fair Market Rent (FMR) at $970 for fiscal year 2026 in the metropolitan area. This disparity suggests that tenants might struggle to afford the FMR when they need to pay out-of-pocket, leading to frequent moves.
Vacancy exposure is another concern. The Days on Market (DOM) figure is not available, which means it's difficult to predict how long a property might remain vacant. In areas where there is a lack of rental income data, this can be a critical issue, especially if the local housing market is not robust enough to absorb vacancies quickly.
The deferred-maintenance exposure is also noteworthy. With a typical home value of $140,516, landlords must consider the financial burden of maintaining properties in good condition without the cushion of higher rents. The median income being unavailable adds uncertainty about the ability of residents to cover additional costs or damages that might occur during tenancy.
Despite these risks, the high renter share of 37.0% indicates a strong demand for rental properties, which typically translates into a higher demand for Section 8 vouchers. This high concentration of renters can provide a steady stream of potential tenants, mitigating some of the risks associated with vacancy and turnover.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 13410 is moderate.
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.