Location: Delaware County, NY | Metro: Delaware County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
6.2% of residents in ZIP code 13846 are renters, indicating a modest demand for rental properties. In this context, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100, which provides a benchmark for rental pricing. However, the lack of specific market rent data (N/A) suggests that the local rental market might not be well-documented or could be less competitive compared to larger urban centers. The median home value stands at $249,704, reflecting a stable housing market where property values have settled at a reasonable level. Despite this, the median income of $32,857 may pose challenges for potential tenants seeking affordable housing options. The absence of days on market (DOM) data (N/A) and the percentage of price-cut share (N/A%) indicates that there isn't enough recent transactional data to assess the speed of property sales or the frequency of price reductions in the area.
Given the parameters, landlords and small-portfolio investors can expect a steady but not overly robust rental market. The $1,100 FMR offers a clear guideline for setting rents without overpricing the units. With the median income being relatively low, it's crucial for investors to focus on properties that align closely with the affordability threshold. This ZIP code presents an opportunity for those willing to manage properties efficiently, ensuring they remain competitive despite the limited market rent data.
The Section 8 program can serve as a viable option for landlords here, given the moderate tenant demand and the need for affordable housing solutions. By participating in Section 8, landlords can secure tenants who can afford the $1,100 rent through government subsidies, thereby minimizing the risk of vacancies. However, it's important to note that the success of such investments hinges on understanding the local dynamics and possibly working with local agencies to gather more detailed market insights.
Section 8 verdict: A prudent choice for landlords in ZIP 13846, especially when focusing on properties priced near the $1,100 FMR.
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.