Section 8 Fair Market Rent (FMR) for ZIP 13760 - 2027

Investment Score for ZIP 13760

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$960
2 Bedrooms	$1,220
3 Bedrooms	$1,540
4 Bedrooms	$1,770
5 Bedrooms	$2,053
6 Bedrooms	$2,299
7 Bedrooms	$2,483
8 Bedrooms	$2,607

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$960	$117,278	0.82%	C
2BR	$1,220	$163,344	0.75%	D
3BR	$1,540	$207,637	0.74%	D
4BR	$1,770	$289,494	0.61%	D
5BR	$2,053	$307,249	0.67%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 13760 (Endicott, NY) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 13760 indicate that the rental market is relatively affordable compared to other areas. For a two-bedroom apartment, the FMR is set at $1080, which represents 19.6% of the median household income of $66,095. This suggests that the rent is manageable for households earning the median income. However, the actual rents charged by landlords often exceed these FMRs. The Zillow median price for a two-bedroom home in this area is $148,853, which translates to a price-to-FMR ratio of 11.5x. This means that the typical rent for a two-bedroom property could be significantly higher than the FMR, potentially creating financial constraints for Section 8 voucher holders who are limited to paying only up to the FMR amount. #### Affordability & Renter Profile ZIP code 13760 has a population of 42,896, with 35.0% of residents being renters. The occupancy rate stands at 92.1%, indicating a fairly tight rental market where most available units are occupied. Given the median household income of $66,095, it can be inferred that the majority of renters in this area are middle-income families or individuals. The high occupancy rate suggests that there is a strong demand for rental properties, but the affordability of these properties varies widely. For instance, a three-bedroom apartment has an FMR of $1380, while a four-bedroom apartment has an FMR of $1590. These figures are crucial for understanding the affordability of different housing types for potential renters. #### Investor Angle From an investor perspective, the ZIP code 13760 presents a mixed picture. The price-to-FMR ratio of 11.5x for a two-bedroom property indicates that the rental market is significantly above the FMR levels. This means that if an investor purchases a property at the median price of $148,853 and rents it out at the FMR, they would likely face challenges in achieving positive cash flow due to the high purchase cost relative to the rental income. However, the high occupancy rate and significant number of renters suggest that there is a robust demand for rental properties. Investors might find opportunities in lower-priced properties or those that can be rented out at slightly below market rates but still above the FMR. Additionally, the rental market dynamics imply that there is a need for affordable housing, which could be a niche for investors focusing on Section 8 vouchers. #### Specific Actionable Insights 1. **Focus on Affordable Properties**: Investors should focus on acquiring properties that are priced closer to the FMR levels. For example, a two-bedroom property priced around $1080 per month would be more attractive to Section 8 voucher holders. This strategy would ensure that the property remains competitive and desirable in the rental market. 2. **Consider Multi-Family Units**: Given the high demand for larger units, multi-family properties such as duplexes or small apartment buildings could provide better returns. A three-bedroom unit at $1380 or a four-bedroom unit at $1590 would be more in line with the needs of larger families and could offer higher rental yields. 3. **Understand Local Rental Trends**: The high price-to-FMR ratio suggests that the local rental market is above average. Investors should conduct thorough research into local rental trends to understand how much they can realistically charge for rent without pricing out potential Section 8 tenants. This might involve analyzing recent rental listings and comparing them to the FMRs. #### Bottom Line For Section 8-focused investors, the ZIP code 13760 presents a challenging environment due to the high price-to-FMR ratio. While the rental market is tight and there is a strong demand for housing, the median property prices make it difficult to achieve positive cash flow when renting strictly at FMR levels. Therefore, the recommendation for this ZIP code is to **Skip** unless you can find properties priced significantly below the median. If you do find such opportunities, consider focusing on multi-family units that align with the FMRs for larger apartments. Otherwise, the high costs associated with purchasing properties in this area may outweigh the benefits of investing in a Section 8-focused portfolio.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.