Location: Watertown-Fort Drum, NY | Metro: Syracuse, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The ZIP code 13661, located in Mannsville, NY, is part of Jefferson County and stands out due to its unique demographic and economic characteristics. With a population of 1,908 residents, only 13.6% of whom rent their homes, it has a relatively low rental rate compared to other areas. The median household income in Mannsville is $82,297, which is above the national average, indicating a generally prosperous community. The median home value is $212,376, reflecting a stable housing market where property values are well above the typical range for many rural communities.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 13661 in fiscal year 2024 is set at $1,100. This figure represents the maximum amount that a landlord can receive through the voucher program for a rental unit. Given that the market rent data is currently unavailable, the FMR serves as a critical benchmark for landlords and tenants alike. It ensures that rents are affordable for those receiving vouchers while providing a predictable income stream for landlords.
The data signature for Mannsville, NY, suggests a stable environment. The combination of a modest but significant rental population, high median income, and strong median home values indicates a community that is financially secure and unlikely to experience rapid changes in housing dynamics. Landlords and small-portfolio investors should find the predictability of the FMR and the overall economic stability appealing when considering long-term investments in this area.
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.