Section 8 Fair Market Rent (FMR) for ZIP 13813 - 2027

Investment Score for ZIP 13813

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	$780
1 Bedroom	$830
2 Bedrooms	$1,020
3 Bedrooms	$1,360
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

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
3BR	$1,360	$220,708	0.62%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, the analysis for ZIP Code 13813, located in Nineveh, NY, focuses on the disparity between the Fair Market Rent (FMR) and the market rent. The FMR for ZIP 13813 in fiscal year 2024 is set at $960, whereas the market rent remains unspecified, suggesting it could be higher. This gap implies that voucher tenants might pay significantly less than the open-market rate, which can affect investment yields.

The FMR of $960 is notably lower than the median home value of $180,613 and the median income of $107,813. This indicates that voucher tenants may struggle to cover the actual market rent, which could exceed $960 based on surrounding areas.

In ZIP 13813, only 2.5% of the population are renters, which means that the majority of residents own their homes. Given this low rental rate, landlords and small-portfolio investors should carefully consider the financial implications of accepting Section 8 vouchers.

If the FMR is indeed lower than the market rent, landlords will need to assess the potential loss in revenue compared to renting at market rates. This cost could be significant, especially if market rents are closer to the higher values seen in nearby ZIP codes.

For instance, in adjacent areas, market rents can range from $772 to $2,600 per month, highlighting the variability in rental pricing. Accepting voucher tenants could mean settling for a lower monthly rent, which might still provide a steady cash flow but at a reduced yield compared to open-market rates.

To summarize, the gap between the FMR and the likely higher market rent suggests that voucher tenants offer a yield play but at a cost. Investors must weigh this against the stability and demand for rental units in an area where ownership is the dominant form of housing.

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.