Section 8 Fair Market Rent (FMR) for ZIP 13455 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$900
2 Bedrooms	$1,150
3 Bedrooms	$1,370
4 Bedrooms	$1,560
5 Bedrooms	$1,810
6 Bedrooms	$2,027
7 Bedrooms	$2,189
8 Bedrooms	$2,298

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 13455, located in New York, is a suburban area known for its quiet neighborhoods and proximity to larger urban centers. This region offers a stable environment for both homeowners and potential investors, though the real estate market presents unique challenges and opportunities that must be carefully considered.

The Fair Market Rent (FMR) for ZIP 13455 is set at $1010 for the fiscal year 2024, providing a benchmark for rental pricing in the area.
The median home value in this ZIP code is not available, indicating a lack of comprehensive data on property values which can make it difficult to assess the overall health of the housing market.
Renter share stands at 0.0%, suggesting that the area predominantly consists of owner-occupied homes rather than rentals, which could impact the demand for rental properties.
The median income figure for ZIP 13455 is also not available, which means there's limited insight into the financial capabilities of residents to support higher rents or property values.
The days on market (DOM) for properties in this ZIP code is not available, making it challenging to gauge how quickly properties are selling or renting out.
The absence of specific market rent data points to a possible underdeveloped rental sector, which might require additional research to understand the local rental dynamics.

In summary, ZIP 13455 offers a low-risk investment opportunity due to its stable suburban setting and established homeowner base. However, the lack of detailed market data such as median home value, median income, and market rent, alongside the minimal renter share, suggests that landlords and small-portfolio investors should conduct thorough local market analysis before committing to investments in this area. The Fair Market Rent figure provides a starting point but does not fully capture the nuances of the local rental market.

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.