Section 8 Fair Market Rent (FMR) for ZIP 14025 - 2027

Investment Score for ZIP 14025

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The economics of Section 8 in ZIP code 14025, located in Boston, NY, within Erie County, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for FY 2024 is set at $1080. This figure is specifically tailored to reflect the rental conditions within this particular ZIP code, ensuring that it accurately represents the local housing market dynamics.

Local market rents, as reported by the Census ACS, currently stand at $1250 for a similar two-bedroom unit. Landlords often wonder how much they can expect to receive when a tenant uses a Section 8 voucher. Here’s a breakdown:

• The voucher covers the difference between the SAFMR and the tenant's portion of the rent, which is typically 30% of their income.
• If a tenant's income is such that 30% amounts to $300, then the landlord would receive $300 directly from the tenant plus the remainder covered by the voucher up to the SAFMR limit.
• In this case, the voucher would cover $780 ($1080 - $300).

Additionally, there are utility allowances that vary but are generally around $200-$300 per month, depending on the actual costs incurred by the tenant. These allowances are paid directly to the tenant to cover their utility expenses.

Given these parameters, a landlord in ZIP 14025 would receive the total of the tenant's contribution and the voucher reimbursement, which equals $1080 for a two-bedroom unit. However, since the local market rent is $1250, there is a reimbursement gap of $170 per month.

This gap means landlords will earn less than the market rate when renting to tenants with Section 8 vouchers. Conversely, if the market rent were below the SAFMR, landlords would see a surplus. In ZIP 14025, the typical outcome is a shortfall of $170 per month for a two-bedroom apartment.

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.