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 | $780 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $216,099 | 0.63% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14869, set at $1,060 for the metro area fiscal year 2026, is the payment standard for Section 8 housing vouchers. This means that landlords who participate in the program will receive a subsidy up to this amount per month. However, it's important to note that the FMR does not dictate the rent you can charge; it merely sets a cap on the subsidy provided by the government.
To put this into perspective, the average rent for properties in ZIP 14869 is $875 according to recent Census data. This indicates that the FMR is higher than the typical market rate, potentially offering landlords a better deal when compared to non-Section 8 rentals. The difference between the FMR and the average rent suggests that landlords could still make a profit even if they charge slightly above the average local rent, as long as it does not exceed $1,060.
The demand for rental properties in this area is strong, with 30.2% of residents being renters. This high percentage of renters in ZIP 14869 signifies a significant portion of the population looking for affordable housing options, making it an attractive market for Section 8 rentals. Given the rental demand, participating in the Section 8 program can ensure a steady stream of tenants who are financially supported by the government.
In terms of property acquisition, the median home value in ZIP 14869 is approximately $196,197. This figure represents the typical cost for purchasing a property in this area, which is crucial for potential landlords assessing their investment. While the initial outlay might seem substantial, the guaranteed income from the Section 8 program can provide financial stability over time.
Before proceeding with your first Section 8 rental in ZIP 14869, verify that your property meets all the required quality standards set by the Housing Quality Standards (HQS). These standards ensure that the property is safe and habitable for tenants, and failing to meet them can result in disqualification from the program. Once confirmed, you can confidently move forward with your investment, knowing that the combination of a supportive tenant base and a higher subsidy limit can lead to a successful venture.
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.