Location: St. Lawrence County, NY | Metro: St. Lawrence County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 13666, located in St. Lawrence County, NY metro, reveals a favorable environment for cashflow. The HUD Fair Market Rent (FMR) for the area is set at $1,070 per month for fiscal year 2026, which is significantly higher than the market rent of $856 reported by the Census ACS. This indicates that voucher tenants will cashflow at the FMR rate, providing a consistent and reliable income stream for landlords.
To further understand the investment potential, we can look at the rent-to-price ratio using the median home value of $52,171. By dividing the annualized market rent ($856 * 12 = $10,272) by the median home value, we get a ratio of approximately 19.7%. This suggests that rental income is relatively high compared to the purchase price, making it an attractive option for investors looking to capitalize on the local real estate market.
Despite the lack of specific data on days on market (DOM) and the percentage of price cuts, the strong disparity between the HUD FMR and the actual market rent implies that voucher holders have a significant advantage in securing housing. This dynamic supports the idea that landlords in this area can expect steady demand for their properties from voucher tenants.
The strongest angle for Section 8 investors in ZIP 13666 is cashflow. With voucher tenants paying above the market rent, investors can enjoy positive cash flow while also benefiting from the stability of government-backed rental assistance programs.
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.