Location: Yates County, NY | Metro: Schuyler County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 14837, located in Dundee, NY, stands out within Yates County due to several key characteristics. With a population of 5,801 residents, it has a rental rate of 19.1%, which is notably lower than the national average. The median income here is $65,845, indicating a middle-class community. The median home value is $289,349, reflecting a stable housing market that is relatively affordable compared to larger metropolitan areas.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 14837 is set at $1,020 for fiscal year 2024. This figure is significantly higher than the actual market rent, which is reported at $785 according to the Census American Community Survey (ACS). This disparity suggests that landlords can potentially receive higher rents through Section 8 vouchers than they might in the open market, making it an attractive option for those seeking stable, long-term tenants.
The data signature for ZIP 14837 reads as stable. The relatively low rental rate indicates that homeownership is prevalent, and the median income supports a modest but steady economic foundation. The median home value also points towards a housing market that is neither overheated nor declining rapidly. These factors combined suggest a community that is unlikely to undergo significant transitional changes in the near future, providing a predictable environment for landlords and small-portfolio investors.
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.