Section 8 Fair Market Rent (FMR) for ZIP 13441 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$980
2 Bedrooms	$1,250
3 Bedrooms	$1,490
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

50.5%

Renter Occupied

The ZIP code 13441, located in Oneida County, New York, is a small community that offers a unique opportunity for real estate investors looking to enter the rental market. The area is predominantly a rental market, with no median home values available, indicating a strong preference among residents for leasing over ownership.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 13441 for fiscal year 2024 is set at $980, providing a benchmark for rental pricing.
With a 100.0% renter share, this ZIP code is almost entirely composed of renters, suggesting a high demand for rental properties.
No data on market rent is currently available, which could indicate a lack of competition or a niche market that's underserved.
The Days on Market (DOM) figure is not available, making it difficult to assess how quickly properties are rented out in this area.
The median income data is also not available, which means that further research is needed to understand the economic profile of potential tenants.

Investors should note the significant rental demand indicated by the 100.0% renter share, alongside the clear rental price guidance from the FMR. The absence of market rent and DOM data suggests there might be room for growth and improvement in property management efficiency. Further investigation into the local economy and tenant demographics will be crucial for maximizing returns on investment in ZIP 13441.

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.