Location: Delaware County, NY | Metro: Delaware 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 | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $213,187 | 0.66% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP code 13839, located in the New York metro area, does not work favorably for landlords. The Fair Market Rent (FMR) set at $970 for fiscal year 2026 contrasts sharply with the current market rent of $858 based on Census ACS data. This discrepancy suggests that landlords may struggle to cover costs and maintain profitability if they align their rental rates with the market rather than the higher FMR.
Acquisition in this ZIP code is somewhat affordable, with a median home value of $199,124. However, the lack of data on days on market (DOM) and the percentage of homes requiring price cuts indicates an incomplete picture of the local real estate market dynamics. Without these metrics, it's challenging to assess how quickly properties sell and whether they typically require price reductions to attract buyers.
Tenant demand in ZIP 13839 is relatively low. With a total population of 1,360, only 8.8% of residents are renters. This means there are approximately 119 potential tenants in the area, which might not be sufficient to ensure a steady stream of interested renters for any given property. Landlords would need to consider the limited pool of renters when evaluating the feasibility of rental investments in this ZIP code.
Overall, ZIP 13839 presents a mixed outlook for landlords and small-portfolio investors. While the median home value is reasonable, the mismatch between FMR and actual market rents, combined with a low renter share, poses significant challenges. Investors should proceed cautiously, carefully considering the financial viability and tenant demand before making any acquisitions.
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.