Location: St. Lawrence County, NY | Metro: St. Lawrence County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 13672 in St. Lawrence County, NY reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,290. However, the absence of market rent data indicates either an underdeveloped rental market or a lack of recent data, which is critical for assessing whether the FMR aligns with actual market conditions. This gap makes it difficult to gauge if properties can be rented profitably at the FMR rate.
Acquisition in this area is relatively affordable, with a median home value of $123,273. Unfortunately, the lack of data on Days on Market (DOM) and the percentage of homes sold at a discount means we cannot fully assess the current state of the housing market. Without these metrics, it's challenging to determine how quickly properties are being sold and at what price relative to their listing value.
Tenant demand is modest but present. With a total population of 449, 31.3% of residents are renters. This translates to approximately 140 potential tenants, which could support a limited number of rental units. However, the low population base suggests that competition among landlords might be fierce, and vacancy rates could fluctuate significantly with minor changes in the local economy or housing stock.
Verdict: While the acquisition cost is attractive, the lack of comprehensive market data poses significant risks. Investors should proceed cautiously, focusing on properties that can be rented close to or above the FMR of $1,290. The limited tenant pool means thorough vetting of prospects and possibly offering competitive incentives to secure long-term tenancy. Market monitoring is essential to stay informed about any changes in local economic conditions or housing trends that could affect occupancy and profitability.
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.