Location: Schuyler County, NY | Metro: Schuyler 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 | $1,230 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,770 | $330,106 | 0.54% | F |
| 3BR | $2,170 | $300,006 | 0.72% | D |
| 4BR | $2,330 | $362,822 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP code 14818, located in Burdett, NY, is situated within the Schuyler County, NY metro area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,710. In comparison, the actual market rent for ZIP 14818 stands at $1,508, indicating that it offers slightly lower rental rates than the average for the county. This suggests that 14818 could be considered a value pocket within the metro area, offering landlords an opportunity to attract tenants with rents that are below the FMR.
The median home value in ZIP 14818 is $289,343, which is consistent with typical home values in the county. However, the renter share in 14818 is 15.7%, higher than the county average of 13.2%. This divergence is notable because it indicates a relatively larger proportion of renters in the area compared to homeowners, potentially making it more attractive for landlords and small-portfolio investors looking to capitalize on rental demand.
Given the combination of slightly below-average market rents and a higher-than-average renter share, ZIP 14818 presents itself as a value pocket within the Schuyler County, NY metro. Landlords can benefit from the lower rental rates while still being part of a region where renting is more prevalent among residents. For Section 8 participants, this ZIP code might be particularly appealing due to its alignment with the program's rental assistance limits and the higher concentration of renters.
To summarize:
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.