Location: Binghamton, NY | Metro: Binghamton, NY MSA
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 | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $172,175 | 0.7% | D |
| 3BR | $1,510 | $203,462 | 0.74% | D |
| 4BR | $1,740 | $227,629 | 0.76% | D |
U.S. Census Bureau data (2024)
The ZIP code 13743, located in Candor, NY within Tioga County, stands out due to its relatively low population of 3,077 residents, with 30.8% of them renting their homes. The median income in the area is $51,364, and the median home value is notably higher at $186,913. This indicates a community that is primarily owner-occupied, with a significant portion of renters.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 13743 for fiscal year 2024 is set at $1,070, which is a substantial increase over the current market rent of $875 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy suggests that landlords who accept Section 8 vouchers could see an above-market rental rate, potentially offsetting some of the administrative burdens associated with the program.
The data signature for ZIP 13743 reads as stable. With a modest rental population and a median income that supports both homeownership and rental markets, there is little indication of rapid change. However, the rise in FMR compared to the current market rent could be seen as a transitional element, hinting at possible adjustments in the local rental market dynamics as more tenants seek Section 8 assistance.
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.