Location: St. Lawrence County, NY | Metro: Franklin County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 13683 presents a unique set of conditions that both landlords and small-portfolio investors should consider. The median home value is currently unavailable, which suggests either insufficient data or a market that's undergoing significant changes, making it difficult to establish a reliable benchmark.
Additionally, the percentage of listings that have been reduced and the median days on market (DOM) are also reported as N/A. This absence of key metrics indicates a potential lack of recent sales activity or a market that might be transitioning, affecting the clarity of pricing trends. However, these missing figures do not necessarily imply a negative outlook; they can simply mean that the market is at an inflection point where traditional indicators are less reliable.
On the rental side, the Fair Market Rent (FMR) for ZIP 13683 is set at $970 for the fiscal year 2026, which provides a clear target for landlords operating under Section 8 guidelines. The comparison between this figure and the current market rent is also unavailable, suggesting a need for further investigation into local rental trends. This could indicate a market where rental prices are closely aligned with FMRs, reducing the risk of vacancy but also limiting the upside for rental income growth.
For long-term investors, the setup in ZIP 13683 implies a cautious approach. With the median home value and other key metrics missing, it's challenging to form a strong appreciation thesis based solely on historical data. Instead, investors should focus on maintaining a balance between rental income and property management costs, ensuring profitability through efficiency rather than relying on speculative appreciation.
The data available points towards a market that is stable but lacks significant growth signals. Landlords and investors should pay close attention to local economic indicators, employment rates, and any new developments that could influence future demand and values. While the current FMR offers a solid basis for rental pricing, the broader context of home value trends and listing reductions remains unclear, necessitating a flexible and adaptive investment strategy.
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.