Section 8 Fair Market Rent (FMR) for ZIP 14036 - 2027

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

Investment Score for ZIP 14036

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$235,398

1% Rule

0.47%

Annual Yield

5.66%

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	$770
1 Bedroom	$890
2 Bedrooms	$1,110
3 Bedrooms	$1,320
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,110	$235,398	0.47%	F
3BR	$1,320	$283,221	0.47%	F
4BR	$1,460	$309,064	0.47%	F
5BR	$1,694	$319,691	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,782

Median Household Income

$88,466

Housing Units

2,381

Renter Percentage

14.4%

Occupancy Rate

95.6%

Renter Occupied

328

A decision tree for whether to buy properties in ZIP 14036 (Corfu, NY) for Section 8 investment starts with calculating if the Fair Market Rent (FMR) can cover the debt service on a property valued at $266,597. The FMR for ZIP 14036 in fiscal year 2024 is $1,190.

Step 1: Does $1,190 clear debt service on a $266,597 property?

Yes: If the monthly debt service (including mortgage payments, taxes, insurance, and maintenance) is less than $1,190, then the FMR can cover these costs. This means that a landlord could potentially break even or make a profit on their investment.
No: If the monthly debt service exceeds $1,190, then the FMR will not be sufficient to cover the expenses. In this case, the landlord would incur a loss on the property unless they find other ways to reduce costs or increase income.

Step 2: Compare market rent ($944) to FMR ($1,190).

Market Rent Below FMR: At $944, the market rent is below the FMR. This suggests that there might be opportunities to increase rental rates for non-Section 8 tenants, but also indicates that the local market may not fully support the higher FMR rates.
Market Rent Above FMR: This scenario does not apply since the market rent is lower than the FMR. However, if the market rent were above the FMR, it would indicate a strong local rental market, making Section 8 properties potentially more attractive due to guaranteed tenant income.

Step 3: Assess demand. The rental rate in ZIP 14036 is 14.4%, and the days on market (DOM) data is not available. To determine if there is enough demand, consider the following:

It Depends: With 14.4% of residents being renters, the demand for rental properties is moderate. However, the lack of DOM data makes it challenging to assess how quickly properties are rented. A landlord must also consider the percentage of Section 8 vouchers in circulation and the competition from other rental properties.

In conclusion, if the debt service is less than $1,190 per month, and considering the moderate rental rate and uncertain DOM data, investing in ZIP 14036 for Section 8 properties could be viable. However, if the debt service exceeds the FMR, the investment would likely result in financial losses. Always compare the FMR to market rents and assess the local demand before making an investment decision.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.