Section 8 Fair Market Rent (FMR) for ZIP 14040 - 2027

Location: Wyoming County, NY | Metro: Genesee County, NY

Investment Score for ZIP 14040

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$269,134

1% Rule

0.41%

Annual Yield

4.95%

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	$860
1 Bedroom	$920
2 Bedrooms	$1,110
3 Bedrooms	$1,370
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

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
2BR	$1,110	$269,134	0.41%	F
3BR	$1,370	$315,613	0.43%	F
4BR	$1,600	$352,108	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,974

Median Household Income

$88,779

Housing Units

785

Renter Percentage

7.6%

Occupancy Rate

96.8%

Renter Occupied

Darien Center, NY, located in ZIP code 14040, is a small village situated in Schuyler County. This area offers a tranquil setting with a strong sense of community, making it attractive for both residents and investors looking for stable returns. The following analysis provides insights into the local rental market, home values, population demographics, and other relevant factors that influence investment decisions.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,090. This figure serves as a benchmark for rental pricing and reflects the government's assessment of reasonable rental costs in the region.
Market rent data for Darien Center is currently unavailable, which suggests that the rental market might be less active compared to larger urban centers. However, the lack of recent data does not necessarily indicate a weak market but rather a smaller scale of transactions.
The median home value in Darien Center stands at $294,778, offering a mix of affordability and quality for potential homeowners and investors alike.
Renters make up 7.6% of the total population, indicating a predominantly owner-occupied housing market. This low percentage of renters can be attributed to the rural nature of the area and the limited number of rental properties available.
The Days on Market (DOM) statistic is not available, which could imply that property listings either sell quickly or do not remain on the market for extended periods, often a sign of a robust local real estate market.
The median household income in Darien Center is $88,779, providing a solid financial foundation for the local economy and suggesting that residents have the means to afford modest housing costs.

Given the data points, Darien Center presents a niche market with opportunities for investors who are willing to focus on long-term stability rather than rapid appreciation. With a fair market rent established at $1,090 and a median home value of $294,778, the area supports a balanced real estate ecosystem. Although the renter share is low at 7.6%, the median income of $88,779 indicates a financially capable community that can sustain property values. The absence of market rent data and days on market statistics highlights the need for further local research to fully understand the dynamics of the rental market. For landlords and small-portfolio investors, Darien Center offers a stable environment with predictable returns, especially considering the scarcity of rental units and the overall economic health of the area.

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.