Location: Delaware County, NY | Metro: Delaware County, NY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $432,277 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 13740 presents an interesting mix of yield and stability that landlords and small-portfolio investors should consider carefully. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190, while the local market rent is estimated at $850. This discrepancy suggests a moderate potential for rental income above market rates, which can be leveraged for higher yields.
However, the median home value of $381,708 indicates a relatively expensive market, which could limit the pool of potential tenants willing to pay the FMR. Given that only 7.7% of the population are renters, competition for tenants is likely to be fierce, potentially affecting vacancy rates and tenant turnover.
The average income of $80,625 is a positive indicator of financial stability among residents, suggesting that those who choose to rent are likely to have the means to meet their obligations consistently. However, the lack of data on days on market (DOM) implies uncertainty regarding how quickly properties can be rented out once they become available, which is a critical factor for cash flow stability.
Based on these figures, ZIP 13740 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where the potential for higher yields exists but is tempered by challenges related to tenant acquisition and retention due to the low percentage of renters and high median home value. Investors seeking to maximize returns might find opportunities here, but they must be prepared for a competitive rental environment and the associated risks.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.