Location: Chenango County, 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 | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $169,557 | 0.6% | F |
| 3BR | $1,400 | $209,704 | 0.67% | D |
| 4BR | $1,520 | $250,540 | 0.61% | D |
| 5BR | $1,763 | $254,250 | 0.69% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 13778, Greene, NY, reveals a favorable cashflow scenario for landlords participating in the program. The HUD Fair Market Rent (FMR) for FY 2024 is set at $950, which is significantly higher than the average market rent of $784 reported by the Census Bureau's American Community Survey (ACS).
This disparity indicates that voucher tenants will cashflow positively at the HUD FMR rate. Landlords can expect to receive a higher rental income compared to the local market rates, thereby ensuring a steady and reliable cashflow from their investment properties.
To further understand the investment potential, consider the median home value in Greene, NY, which stands at $193,952. This figure allows us to calculate the rent-to-price ratio, a key metric for assessing the attractiveness of rental investments. With an average market rent of $784, the annual rent would be approximately $9,408, leading to a rent-to-price ratio of about 4.85%. This suggests that rental income represents a healthy portion of the property's value, making it a viable option for investors seeking a balance between rental yield and property value.
Note that the data does not provide a median Days on Market (DOM) or a percentage of price cuts shared. However, given the higher FMR relative to the market rent, the rent-vs-buy dynamics favor rental investments, especially for those looking to maximize cashflow.
The strongest investor angle in Greene, NY, is cashflow. Landlords can leverage the higher HUD FMR to ensure positive cashflow from their properties, making this area particularly attractive for those focused on generating rental income.
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.