Location: Hamilton County, NY | Metro: Hamilton County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The market in ZIP code 13436, with a Fair Market Rent (FMR) of $1,430 for fiscal year 2026, presents an intriguing snapshot that suggests a dynamic equilibrium between supply and demand. The absence of recent market rent data and price-cut share percentages indicates either a stable market or a lack of significant transaction volume, which can be a sign of either strong property retention by owners or limited new listings.
The median home value of $360,710 provides a benchmark for the area's residential real estate, but without comparative data from previous years, it is challenging to determine if this represents appreciation or depreciation. However, the fact that the FMR is established and used for assessing rental values implies a recognized standard for the region, which landlords and investors should consider when setting their own rents.
A 26.6% renter share is notable, indicating that over a quarter of the households in the area are renters. This figure suggests a steady demand for rental properties, which could translate into long-term housing pressure as the population grows or changes. For landlords and small-portfolio investors, this means that there is a consistent need for rental units, which can be a reliable source of income. However, it also underscores the importance of maintaining competitive rental rates to attract and retain tenants.
In conclusion, while the exact trajectory of the market cannot be determined from the snapshot provided, the established FMR and the significant renter share suggest a market where demand for rental properties is present and likely to continue. Investors should focus on the quality of their properties and the competitiveness of their rental pricing to capitalize on this demand.
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.