Location: Otsego County, NY | Metro: Otsego County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
ZIP 13859, located in Otsego County, NY, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The median home value stands at $138,000, indicating that properties in this area are relatively affordable. Given the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,120, landlords can expect stable and predictable cash flows from tenants receiving Section 8 vouchers.
The data reveals that the majority of housing units are owner-occupied, with only 26% being rented out. This low renter share suggests that there might be fewer competing rental properties in the area, making it easier for landlords to fill vacancies. Additionally, the median income of $53,846 indicates that the local economy supports a steady stream of potential tenants who could qualify for Section 8 assistance.
While specific data on price-cut shares and days on market (DOM) is not available, the high percentage of owner-occupied units implies a stable community where homeownership is valued. This stability can translate into consistent tenant behavior and lower turnover rates, which are beneficial for cash flow management.
In conclusion, ZIP 13859 serves as a reliable cash-flow anchor due to its low median home value and predictable rental income from Section 8 tenants. Landlords and small-portfolio investors should consider this area for its potential to provide consistent returns and a stable investment environment.
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.