Location: Utica-Rome, NY | Metro: Utica-Rome, NY MSA
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 | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $350,242 | 0.31% | F |
| 3BR | $1,310 | $537,327 | 0.24% | F |
| 4BR | $1,490 | $827,564 | 0.18% | F |
| 5BR | $1,728 | $1,245,245 | 0.14% | F |
U.S. Census Bureau data (2024)
Old Forge, NY, located in ZIP code 13420, is a small village nestled along the shores of the Delaware River in the Pocono Mountains region. This area is known for its natural beauty and recreational opportunities, which attract both year-round residents and seasonal visitors.
The data points highlight a moderate rental market in Old Forge, NY, where the fair market rent is below the average market rent, indicating potential for slightly above-average returns on investment. The relatively high median home value and median income suggest a stable economic environment, though the lower percentage of renters compared to owners means a smaller pool of tenants. For landlords and small-portfolio investors, this translates to a niche market opportunity, particularly for those who can offer well-maintained properties that cater to the local lifestyle and attract both permanent and seasonal residents.
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.