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 | $1,130 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $330,775 | 0.41% | F |
| 3BR | $1,670 | $430,490 | 0.39% | F |
| 4BR | $1,900 | $534,625 | 0.36% | F |
| 5BR | $2,204 | $631,825 | 0.35% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 14052, located in East Aurora, NY, within the Wyoming County, NY metro area, works favorably for landlords and small-portfolio investors. The Fair Market Rent (FMR) for FY 2024 is set at $1090, which is slightly higher than the market rent of $1066 reported by the Census ACS. This indicates that properties can be priced competitively while still meeting the FMR standards.
Acquisition in this ZIP code is moderately affordable. The median home value stands at $430,521. However, the lack of data on days on market (DOM) and the percentage of homes that required a price cut suggests that the market dynamics are stable, without significant overpricing or underpricing trends.
Tenant demand is steady but not exceptionally high. With a total population of 17,514, the renter share is 14.2%. This means approximately 2,481 individuals are actively seeking rental housing. Given the relatively small population size, this number reflects a manageable tenant pool, suitable for landlords with a limited number of units.
In summary, ZIP 14052 presents a balanced opportunity for real estate investment. The favorable rent math allows for competitive pricing and adherence to FMR guidelines. Acquisition costs are reasonable, and while tenant demand is not overwhelming, it is sufficient to support a modest portfolio. For investors looking to avoid highly volatile markets, East Aurora offers stability and a straightforward path to success.
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.