Section 8 Fair Market Rent (FMR) for ZIP 13479 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 13479, located in New York, is a modest suburban area that offers potential opportunities for real estate investors, particularly those interested in the rental market. The Fair Market Rent (FMR) for the area has been established, providing a benchmark for rental pricing, but other key metrics such as market rent and median home values remain unspecified. This analysis will focus on the available data points to provide insights for landlords and small-portfolio investors.

• The Fair Market Rent for ZIP 13479 for fiscal year 2024 is set at $1010.
• The percentage of residents who are renters is currently unknown, which makes it difficult to gauge the demand for rental properties specifically.
• The median income figure for the area is also unavailable, which would be crucial for understanding the economic capacity of potential tenants.
• The median home value in ZIP 13479 is not provided, making it challenging to assess the overall property values and potential appreciation.
• The average number of days on the market (DOM) for properties in this area is not specified, leaving a gap in understanding how quickly properties sell or rent.
• Given the limited data, it's essential to rely on the FMR as a starting point for setting competitive rental prices.

Despite the gaps in the available data, the established Fair Market Rent of $1010 for fiscal year 2024 serves as a critical anchor for setting rental prices in ZIP 13479. Without specific information on the market rent, median home value, the percentage of renters, and the median income, investors must exercise caution and consider the broader regional trends to make informed decisions. However, the FMR provides a reliable baseline for rental pricing, ensuring that landlords can offer competitive rates while maintaining profitability. For small-portfolio investors, focusing on the quality of management and maintenance can help differentiate properties in this ZIP code, attracting tenants and minimizing vacancy periods.

Data Sources: FMR data from HUD (2027).

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.