Location: Delaware County, NY | Metro: Delaware County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The ZIP code 13806, located in New York, presents an interesting scenario when viewed from the perspective of renters. Given the median income data is currently unavailable, it's challenging to assess the overall financial capability of households to afford the market rate rent, which is also marked as N/A. However, we can still draw some insights based on the available information.
Affordability is a critical factor for renters, and in this case, the Fair Market Rent (FMR) set at $1,250 for the metro area for fiscal year 2026 provides a benchmark. This figure represents the maximum amount that a household receiving a housing voucher would pay towards their rent. Despite the lack of detailed income data, the FMR offers a glimpse into the rental price landscape.
With only 0.0% of the population being renters and a total population of 143, the demand for rental properties is exceptionally low. This suggests a highly competitive environment for landlords, where the pool of potential tenants is limited. The affordability gap, in this context, means that even if the market rate rent were lower than the FMR, the number of people able and willing to pay it might still be insufficient due to the demographic composition.
The takeaway for landlords considering voucher versus cash-pay strategies in ZIP 13806 is clear. Due to the extremely low percentage of renters and the small population size, relying solely on cash-paying tenants could be risky. Accepting vouchers ensures a steady stream of tenants who are guaranteed to meet the FMR standards, reducing the risk of vacancies. Landlords should focus on the reliability of voucher payments rather than hoping for higher cash rents from a limited number of potential tenants.
Data Sources: FMR data from HUD (2027). 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.