Section 8 Fair Market Rent (FMR) for ZIP 13671 - 2027

FY 2027 Fair Market Rent Rates

1360 is the Fair Market Rent (FMR) for ZIP 13671 in Antwerp, NY, for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher. Despite the lack of specific market rent data, it's evident that the FMR serves as a benchmark for affordable housing in the area. The absence of median home values and other key metrics suggests limited data availability, which might be due to the small size of the ZIP code or infrequent transactions. However, the focus remains on the 1360 FMR, indicating that landlords should ensure their rents align with this standard to attract Section 8 tenants.

The N/A median income and renter share percentages highlight a gap in comprehensive economic analysis for ZIP 13671. Landlords must rely on the FMR as a critical guideline for pricing their units. Given the limited data, it's crucial to consider the broader regional context when making investment decisions. While the exact median home value is not available, the FMR provides insight into the affordability of housing in the area, suggesting that properties should be priced accordingly to remain competitive and attractive to potential tenants.

The N/A-day DOM (Days On Market) and N/A% price-cut share indicate challenges in assessing the speed and flexibility of the local real estate market. However, landlords can still leverage the 1360 FMR to set competitive rents and ensure compliance with HUD guidelines. This focus on the FMR is essential for landlords and small-portfolio investors looking to navigate the Section 8 program effectively.

In conclusion, for ZIP 13671, landlords must adhere to the 1360 FMR to participate in the Section 8 program successfully. The lack of detailed market data underscores the importance of staying informed about local housing trends and maintaining alignment with HUD standards.

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.