Section 8 Fair Market Rent (FMR) for ZIP 13780 - 2027

Location: Chenango County, NY | Metro: Chenango County, NY

Investment Score for ZIP 13780

N/A

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$890
1 Bedroom	$910
2 Bedrooms	$1,090
3 Bedrooms	$1,480
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,480	$182,414	0.81%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

968

Median Household Income

$77,262

Housing Units

664

Renter Percentage

30.7%

Occupancy Rate

56.9%

Renter Occupied

116

The ZIP code 13780, located in the heart of Central New York, offers a unique blend of rural charm and urban convenience, making it an attractive location for both residents and investors. The area benefits from a mix of affordable housing options and moderate rental rates, providing a stable environment for investment.

Fair Market Rent: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060, which indicates the government's benchmark for affordability and sets a floor for rental pricing.
Market Rent: According to Census ACS data, the average market rent stands at $1,750, reflecting a premium over the FMR that landlords can potentially charge to tenants seeking private market housing.
Median Home Value: The median home value in ZIP 13780 is $164,780, suggesting a relatively affordable entry point for homeownership and a manageable asset cost for investors.
Renter Share: With 30.7% of households being renters, there is a significant demand for rental properties, indicating a robust market for landlords and small-portfolio investors.
Days on Market (DOM): The data does not provide specific days on market for listings, which could imply either a balanced market where homes sell quickly or a lack of recent sales data to determine DOM accurately.
Median Income: The median household income of $77,262 suggests that residents have the financial capacity to afford higher rents, which supports the potential for above-FMR rental pricing.

The combination of a strong renter base, reasonable median home values, and a healthy median income level makes ZIP 13780 an appealing market for real estate investments. Despite the absence of specific days on market data, the gap between the Fair Market Rent and the actual market rent indicates a favorable environment for landlords to maintain occupancy and achieve steady cash flows. Investors should leverage these figures to inform their acquisition strategies and rental pricing models, ensuring alignment with the local economic conditions and tenant expectations.

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.