Section 8 Fair Market Rent (FMR) for ZIP 14013 - 2027

Location: Genesee County, NY | Metro: Buffalo-Cheektowaga, NY MSA

Investment Score for ZIP 14013

N/A

Monthly Rent (2BR)

$1,160

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$930
2 Bedrooms	$1,160
3 Bedrooms	$1,380
4 Bedrooms	$1,520
5 Bedrooms	$1,763
6 Bedrooms	$1,975
7 Bedrooms	$2,133
8 Bedrooms	$2,240

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,380	$216,372	0.64%	D
4BR	$1,520	$245,795	0.62%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,423

Median Household Income

$72,768

Housing Units

575

Renter Percentage

12.9%

Occupancy Rate

98.6%

Renter Occupied

The ZIP code 14013, located in New York, is characterized by a stable housing market with a mix of rental and homeownership opportunities. The area offers affordable living conditions relative to other parts of New York State, making it attractive for both tenants and property owners.

The Fair Market Rent (FMR) for ZIP 14013 in fiscal year 2024 is set at $1,190, which provides a benchmark for rental pricing in the area.
The market rent, according to the Census American Community Survey, stands at $983, indicating that the actual rents charged are below the government-set FMR, offering potential for rental income growth.
The median home value in ZIP 14013 is $203,951, which is significantly lower than the state average, making it an affordable option for investors looking to purchase properties.
Renters make up 12.9% of the population, suggesting a smaller but still significant rental market compared to the overall homeownership trend.
The median income for residents in ZIP 14013 is $72,768, providing insight into the financial stability and spending power of the local population.

Synthesizing these points, ZIP 14013 presents a balanced investment opportunity where rental properties can be priced competitively while still offering room for growth towards the FMR. The relatively low median home value makes property acquisition feasible, especially for small-portfolio investors. However, the modest renter share implies a need to focus on areas with higher demand for rentals, such as near universities or employment centers. Given the median income, there is a solid foundation for rental payments, ensuring a steady stream of revenue for landlords. Overall, the area supports a cautious yet optimistic approach to real estate investment, particularly in rental properties.

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.