Location: Otsego County, NY | Metro: Otsego 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 | $960 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,470 | $222,879 | 0.66% | D |
U.S. Census Bureau data (2024)
To classify ZIP code 13861, we must consider both yield and stability factors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,190, which indicates the rental price point for Section 8 eligible units. However, the specific FMR for ZIP 13861 is not available, suggesting that it aligns closely with the broader metro average. The median home value in this ZIP code is $216,342, providing a baseline for investment costs.
The yield potential is moderate due to the lack of specific FMR data for ZIP 13861. We can infer that the rental income will be around $1,190 per month, which is the metro average. This figure is crucial for calculating potential returns on investment properties. For example, if an investor purchases a property at the median home value, the monthly rental income would need to cover mortgage payments, maintenance, and other expenses, leaving a profit margin.
Regarding stability, 39.9% of residents are renters, indicating a significant portion of the population relies on rental housing. The median household income is $57,847, which suggests that tenants have sufficient earnings to support their rent payments. The absence of data on days on market (DOM) makes it challenging to assess how quickly properties might sell if the landlord decides to exit the market. However, the combination of rental occupancy and income levels points towards a stable environment.
Based on these figures, ZIP 13861 leans toward being a steady-cashflow zone. The moderate rental income and the presence of a substantial number of renters with adequate incomes suggest consistent demand for rental properties. While the yield is not exceptionally high, the stability of the market provides a reliable cash flow for landlords and small-portfolio investors. The median home value also supports a reasonable return on investment when factoring in rental income and potential appreciation over time.
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.