Location: Genesee County, NY | Metro: Genesee County, NY
| 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 14056, located in Genesee County, NY metro, reveals a competitive rental landscape. The HUD Fair Market Rent (FMR) for the area is set at $1,160 for fiscal year 2026. However, the current market rent data is not available, making it challenging to provide a direct comparison. Based on the FMR alone, landlords can expect that voucher tenants will generally cashflow at this rate, but the exact margin will depend on the actual market rent.
The median home value in the area is also not specified, which would be crucial for deriving an accurate rent-to-price ratio. This ratio helps investors understand how the cost of renting compares to buying, but without the median home value, we cannot calculate it precisely. Nonetheless, the absence of this data does not necessarily indicate a poor investment opportunity; it simply means that the decision should be based more heavily on other factors such as rental income potential and property costs.
Regarding the days on market (DOM) and price-cut share, these metrics are also not provided. Typically, a high DOM and a significant price-cut share suggest a buyer's market where properties take longer to sell and often require price reductions. In the context of rent versus buy dynamics, this could mean that renting might be more attractive to residents compared to purchasing, potentially stabilizing rental demand.
The strongest investor angle in ZIP 14056 appears to be cashflow. Given that voucher tenants will likely cashflow at the HUD FMR, landlords can expect steady income from Section 8 tenants. This predictability is particularly valuable in areas where market rent data is unclear, as it provides a reliable baseline for rental income.
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.