Location: Wyoming County, NY | Metro: Buffalo-Cheektowaga, NY MSA
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 | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $273,349 | 0.46% | F |
| 4BR | $1,440 | $275,750 | 0.52% | F |
U.S. Census Bureau data (2024)
ZIP code 14030, located in Wyoming County, NY metro, serves as a strategic cash-flow anchor within a Section 8 portfolio. The Federal Market Rent (FMR) for FY 2024 is set at $1140 for a one-bedroom unit, which is significantly higher than the current market rent of $813. This spread ensures that landlords receive a steady, above-market rental income, safeguarding against financial instability.
The median home value in ZIP 14030 stands at $243,787. Given the disparity between the FMR and the market rent, landlords can expect consistent cash flow that exceeds typical market conditions. This makes the area particularly attractive for those seeking reliable income streams from their properties.
While the ZIP does not present an immediate opportunity for significant appreciation, as evidenced by the lack of data on price-cut shares and days on market (DOM), it offers stability. The 13.8% renter share indicates a moderate demand for rentals, and the median income of $78,182 suggests that tenants are likely to be financially stable, reducing the risk of default.
To summarize, ZIP 14030 is best categorized as a cash-flow anchor. The strong spread between the FMR and market rent ensures a dependable revenue stream, making it a solid choice for landlords looking to stabilize their investment portfolios with guaranteed income.
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.