Location: Lewis County, 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 | $1,010 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $161,151 | 0.88% | C |
| 3BR | $1,690 | $211,631 | 0.8% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 13471, Taberg, NY, presents a unique landscape for landlords and small-portfolio investors, particularly when considering the median home value of $172,580. This figure serves as a foundational metric, indicating that properties in this area are generally affordable, which can be advantageous for both purchasing and maintaining investment properties.
The absence of percentage reductions in listing prices and the unavailability of median days on market (DOM) data suggest a stable market without significant downward pressure on property values. Landlords and investors should interpret this stability as a sign that the local real estate market is not experiencing rapid fluctuations, providing a predictable environment for managing rental properties and setting long-term financial strategies.
On the rental side, the Federal Market Rent (FMR) for ZIP 13471 in fiscal year 2024 is projected at $1070, while the current market rate stands at $1,098 according to the Census ACS. This slight gap between the FMR and the actual market rent highlights a modest opportunity for landlords to leverage the higher market rates, ensuring that their rental income remains competitive and potentially exceeds the subsidized rates available through programs such as Section 8.
For long-hold investors, the setup implied by the data suggests a cautious approach towards appreciation. Given the stable median home value and the limited information on price reductions and DOM, it is reasonable to anticipate that property values will maintain their current levels rather than appreciate significantly over the next 12-24 months. However, the consistent demand for rentals, as indicated by the near-equilibrium between FMR and market rates, supports the idea that rental income can remain steady, offering a reliable source of cash flow.
Investors should focus on optimizing rental yields and managing costs effectively, given the balanced market conditions. The affordability of the median home value and the proximity of rental rates to the FMR provide a solid foundation for rental operations, especially for those participating in government-assisted housing programs. While substantial capital appreciation might not be the primary driver of returns, the potential for steady rental income and the ability to attract tenants through Section 8 subsidies make Taberg an attractive location for long-term investment.
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.