Section 8 Fair Market Rent (FMR) for ZIP 13643 - 2027

Location: Watertown-Fort Drum, NY | Metro: Watertown-Fort Drum, NY MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$1,000
2 Bedrooms	$1,290
3 Bedrooms	$1,770
4 Bedrooms	$2,110
5 Bedrooms	$2,448
6 Bedrooms	$2,742
7 Bedrooms	$2,961
8 Bedrooms	$3,109

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

193

Median Household Income

$100,625

Housing Units

Renter Percentage

21.6%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 13643, located in New York, is a suburban area that offers a mix of residential living and access to urban amenities. This region is particularly interesting for real estate investors due to its unique blend of affordability and proximity to larger metropolitan areas.

The Fair Market Rent (FMR) for ZIP 13643 in fiscal year 2024 is set at $1170, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
The median home value is currently not available, but given the high median income of $100,625, it suggests that homeownership is affordable for many residents.
Renters make up 21.6% of the population, indicating a significant demand for rental properties. However, the lack of market rent data suggests that the area may not have extensive rental property listings or activity.
The Days on Market (DOM) data is also not available, which could imply that the real estate market in this area is relatively stable, with properties selling quickly once listed.
The high median income supports the potential for higher rents and property values over time, as economic conditions improve and attract more renters and buyers.

Investors should note that while there is a notable share of renters in ZIP 13643, the lack of specific market rent data makes it challenging to gauge the exact rental potential. The fair market rent figure of $1170 provides a useful starting point, and the strong median income indicates a robust economic foundation that could support rising property values and rents. The quick sales suggested by the absence of DOM data indicate a healthy real estate market, making this area a potentially attractive investment for those looking to enter the landlord or small-portfolio investor space.

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.