Location: Otsego 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 | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $200,657 | 0.55% | F |
| 3BR | $1,410 | $226,745 | 0.62% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 13750, which covers Davenport, NY in Delaware County, are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $1,070 per month for fiscal year 2026. This figure is specific to this ZIP code, ensuring it reflects local housing costs accurately.
Local market rents, according to the Census ACS, stand at $1,063. This indicates that the SAFMR slightly exceeds the average local rent, offering landlords a competitive rate.
A landlord participating in the Section 8 program will receive a payment that includes both the tenant's contribution and any applicable utility allowances. Typically, the tenant is responsible for paying approximately 30% of their adjusted income towards rent. If we assume an average adjusted income of $2,000, the tenant would contribute around $600 towards rent.
The remaining amount is covered by the housing authority. In the case of ZIP 13750, if the SAFMR is $1,070 and the tenant contributes $600, the housing authority would reimburse the landlord for the difference, which is $470. Utility allowances can vary but generally add up to about $150-$200 per month, depending on the actual utility costs incurred by the tenant.
To summarize, for a two-bedroom apartment in ZIP 13750, a landlord can expect the following monthly breakdown:
This brings the total potential reimbursement to around $870 per month. Given the local market rent of $1,063, landlords might see a slight surplus of about $107 when comparing the total reimbursement to the average market rent. However, this surplus can be influenced by factors such as the tenant's actual income, the specific utility costs, and any additional fees or maintenance considerations.
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.