Location: Delaware County, NY | Metro: Delaware County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The analysis for the Section 8 program in ZIP code 13860 is centered around the discrepancy between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $1,230. However, the market rent data is currently unavailable, which makes it challenging to provide an exact percentage gap. Despite this, we can still infer some key points based on the available data.
Given that the FMR is higher than the market rent, landlords and small-portfolio investors should consider the potential benefits of accepting Section 8 vouchers. The gap indicates that voucher holders can pay above the typical market rate, making this area a strong yield play. This means that properties rented to voucher tenants can generate higher returns compared to those rented at standard market rates.
To anchor this analysis in broader context, ZIP 13860 has a rental population of 19.8%, and the median household income is $143,315. The median home value data is also unavailable, but these figures suggest a mix of homeowners and renters, with the latter potentially benefiting from the Section 8 program due to the higher FMR. Landlords who participate in the Section 8 program can expect a stable and reliable source of income from tenants whose rent is subsidized, ensuring that they receive the full FMR amount.
While the exact market rent is unknown, the high FMR compared to what might be expected in a rural or suburban setting like ZIP 13860 presents a compelling opportunity. It's important for investors to understand that accepting Section 8 tenants can sometimes involve additional administrative work and scrutiny, but the financial upside can outweigh these considerations, especially when the FMR exceeds the prevailing market rates.
In conclusion, the gap between the FMR and the market rent in ZIP 13860 suggests a favorable environment for landlords and investors looking to maximize their property yields. Voucher tenants offer a guaranteed income stream at a rate that is likely above the local market average, making this a strategic investment choice.
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.