Location: Chenango County, NY | Metro: Chenango County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
The Fair Market Rent (FMR) for ZIP code 13758 in Unknown, NY, for metro fiscal year 2026 is set at $970. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means that if you participate in this program, the government will pay up to $970 per month for a typical two-bedroom apartment in your area. It's important to note that this is not the rent you can charge tenants; it's the maximum amount the voucher will cover.
To put this into perspective, consider that the local median rent for similar properties is currently listed as N/A. While we don't have exact numbers for comparison, the FMR gives you a benchmark for what the government considers reasonable for subsidized housing. The demand for Section 8 rentals in this area is indicated by the N/A% of renters who rely on such assistance, suggesting there is a significant market for properties that accept vouchers.
When acquiring a property to use as a Section 8 rental, you should be aware that the average price for homes in ZIP 13758 is also listed as N/A. This makes it challenging to estimate your potential return on investment without further research into recent sales and listings in the area.
Before you decide to convert your property into a Section 8 rental, one key verification step is essential: check whether the property meets all the necessary quality standards known as Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. A thorough inspection by a housing authority is required to confirm compliance with these standards.
In summary, the $970 FMR provides a clear guideline for the government's payment limit but does not reflect the total rent you might collect. With a high percentage of renters needing assistance, there is a strong demand for Section 8 properties. Ensure your property complies with HQS to avoid delays and complications once you enter the program.
Data Sources: FMR data from HUD (2027).
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.