Section 8 Fair Market Rent (FMR) for ZIP 13420 - 2027

Location: Utica-Rome, NY | Metro: Utica-Rome, NY MSA

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,055

Median Household Income

$109,351

Housing Units

2,492

Renter Percentage

16.8%

Occupancy Rate

18.8%

Renter Occupied

Housing Authorities Serving ZIP 13420

Herkimer Housing Authority (Herkimer, NY) - 221 Section 8 vouchers
Ilion Housing Authority (Ilion, NY) - 154 Section 8 vouchers
Little Falls Housing Authority (Little Falls, NY) - 145 Section 8 vouchers
Dolgeville Housing Authority (Dolgeville, NY) - 23 Section 8 vouchers

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 Fair Market Rent (FMR) for ZIP 13420 in fiscal year 2024 is set at $910.
The average market rent for properties in Old Forge, according to the Census American Community Survey, is $1,164.
The median home value in Old Forge stands at $501,426, reflecting the area's appeal and desirability.
Renters make up 16.8% of the housing market in Old Forge, indicating a smaller but still significant demand for rental properties.
The median household income in Old Forge is $109,351, suggesting that residents have the financial capacity to afford higher rents or property values.

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). 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.