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 | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $225,455 | 0.47% | F |
| 3BR | $1,270 | $287,884 | 0.44% | F |
| 4BR | $1,470 | $355,938 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 13456, located in Sauquoit, NY, stands out within Oneida County due to its unique demographic and economic characteristics. With a population of 3,848 residents, only 15.1% of whom are renters, it has a median income of $93,510 and a median home value of $284,130. These figures indicate a community that leans heavily towards homeownership, suggesting a stable residential environment where long-term investment is favored.
In terms of Section 8 vouchers, the data reveals an interesting disparity. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,000 per month, while the Census American Community Survey (ACS) indicates a market rent of $795. This means landlords who accept Section 8 vouchers can expect to receive higher rents than the typical market rate, providing a financial incentive to participate in the program despite the common perception of lower rental incomes.
The data signature for ZIP 13456 reads as stable, with a high median home value and a significant majority of homeowners. The relatively low percentage of renters suggests a community that is less likely to experience rapid turnover or changes in housing demand. However, the presence of Section 8 vouchers offers a potential avenue for landlords to diversify their tenant base and stabilize cash flow through guaranteed government payments, even if the number of voucher holders is limited.
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.