Location: Chenango County, NY | Metro: Chenango 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 | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $128,084 | 0.8% | C |
| 3BR | $1,430 | $156,395 | 0.91% | C |
| 4BR | $1,540 | $162,644 | 0.95% | C |
| 5BR | $1,786 | $175,027 | 1.02% | B |
U.S. Census Bureau data (2024)
The ZIP code 13830, located in Oxford, NY, presents a unique combination of yield and stability that is worth examining for landlords and small-portfolio investors.
On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the market rent is slightly lower at $937. The median home value of $141,130 suggests that there is a significant gap between the rental rates and the potential resale value of properties, indicating a relatively high yield when compared to property values. This means that if you can secure rents close to the FMR, you can achieve a good return on investment.
Moving to the stability axis, the rental market in ZIP 13830 shows some signs of volatility. Only 14.1% of residents are renters, which is a low percentage, suggesting a smaller pool of potential tenants. The lack of data on days on market (DOM) makes it difficult to assess how quickly properties might be rented out, but the average household income of $62,400 provides some assurance that tenants can afford their rent payments. However, this income figure is not exceptionally high, which could impact the ability of residents to pay higher rents.
Given these figures, ZIP 13830 falls into a category that is neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. Instead, it represents a middle ground where yields are decent but not outstanding, and stability is moderate due to the relatively low percentage of renters and average income levels. For investors looking for a balance between return and security, this ZIP code offers opportunities, especially if they can leverage the higher FMR to attract tenants willing to pay closer to the metro rate.
To summarize, the yield in ZIP 13830 is driven by the potential to charge rents near the $970 FMR, while stability is compromised by the limited number of renters and modest income levels. Investors should carefully consider these factors before making decisions about purchasing properties in this area.
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.