Location: Cattaraugus County, NY | Metro: Cattaraugus County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
ZIP code 14041, located within Cattaraugus County, NY, presents a unique profile when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 14041 stands at $990 for fiscal year 2026, which is notably lower than the market rent figure of $1,229. This indicates that the area is likely to be more affordable for tenants participating in the Section 8 housing choice voucher program.
The absence of home value data for ZIP 14041 suggests that residential property values may be less significant or less tracked in this region, possibly due to a higher concentration of rental properties over owner-occupied homes. This inference aligns with the high renter share of 26.9%, which is above average for many ZIP codes in Cattaraugus County, NY. Typically, a higher renter share can signal a greater reliance on rental housing, including subsidized housing programs like Section 8.
Given the lower FMR relative to the market rent and the high proportion of renters, ZIP 14041 appears to be a value pocket within the Cattaraugus County, NY metro. Landlords and small-portfolio investors should recognize that the area offers opportunities for tenants who benefit from the Section 8 program, potentially stabilizing occupancy rates and providing a reliable source of income despite the lower rents.
To further contextualize, it's important to consider that a ZIP code with a high renter share and below-average home values often represents a sweet spot for Section 8 investments. However, since specific home value data for ZIP 14041 is not available, we cannot definitively state that home values are below average. Nevertheless, the lower FMR and higher renter share suggest that this ZIP code is well-suited for tenants seeking affordable housing through government assistance programs.
Data Sources: FMR data from HUD (2027). 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.