Location: Otsego County, NY | Metro: Otsego County, NY
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 | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $241,798 | 0.55% | F |
| 4BR | $1,470 | $280,731 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 13807 presents a mixed tenant pool scenario when it comes to Section 8 vouchers. With a total population of 1,218, only 21.3% are renters, indicating that homeownership is more prevalent in this area. This suggests that the demand for Section 8 vouchers is likely to be lower compared to areas with higher percentages of renters.
The median household income in ZIP 13807 stands at $77,083, which provides a baseline for assessing the affordability of rent. A market rent of $820 represents approximately 10.6% of the median income, making it relatively affordable for most residents. However, this figure is below the Fair Market Rent (FMR) of $1,070 for the fiscal year 2026 in the metropolitan area, implying that landlords might find themselves competing with other housing options that offer similar rents but are not restricted by voucher limits.
In terms of tenant profiles, landlords in ZIP 13807 can expect a mix of voucher holders and non-voucher tenants. Given the income levels and the relatively low market rent, tenants using vouchers would spend about 76.6% of their voucher amount on the typical rent. This leaves a significant portion of the voucher unused, potentially attracting tenants who might supplement the difference with additional income sources or seek properties slightly above the market average.
To summarize, while ZIP 13807 has a moderate number of renters, it is not predominantly a renter-heavy area. The market rent is significantly lower than the FMR, offering flexibility for both voucher and non-voucher tenants. Landlords should prepare for tenants who may have supplementary income and are willing to use a portion of their voucher to cover the rent, leaving some funds available for amenities or higher-end units.
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.