Location: Otsego County, NY | Metro: Otsego County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The classification of ZIP code 13415 hinges upon the available data points: the Fair Market Rent (FMR) of $1,070 for the fiscal year 2026, and the median household income of $83,750. With no specific market rent or home value figures provided, we must rely on these core metrics to gauge the yield and stability.
On the yield axis, the FMR of $1,070 indicates that properties in ZIP 13415 can potentially generate rental income at this level. However, the absence of market rent data means there's no direct comparison to assess whether this FMR represents a premium or if it aligns closely with what tenants are actually paying. This lack of information introduces uncertainty into the yield assessment.
Regarding stability, the ZIP code has a reported 0.0% of renters, which is likely an error or incomplete data, as it would be unusual for a residential area to have no renters at all. Assuming this figure is misleading, the median income of $83,750 suggests a relatively stable economic base for potential tenants. Higher incomes generally correlate with lower default risks and better maintenance of rental properties, contributing to overall market stability.
The days on market (DOM) figure is also missing, which is crucial for understanding how quickly properties can be sold or rented out. Without this data point, it's challenging to fully evaluate the stability and liquidity of the market.
Conclusion: ZIP 13415 appears to be positioned more towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR of $1,070 sets a benchmark for rental yields, but without comparative market rent data, it's difficult to assert a high-yield status. The median income of $83,750 supports the notion of stability, assuming tenants can afford rents at or near the FMR. However, the analysis is constrained by incomplete data, particularly the absence of market rent and DOM figures.
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.