Section 8 Fair Market Rent (FMR) for ZIP 14057 - 2027

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

Investment Score for ZIP 14057

Monthly Rent (2BR)

$1,260

Median Price (2BR)

$264,848

1% Rule

0.48%

Annual Yield

5.71%

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	$1,040
1 Bedroom	$1,060
2 Bedrooms	$1,260
3 Bedrooms	$1,530
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

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	$1,260	$264,848	0.48%	F
3BR	$1,530	$330,537	0.46%	F
4BR	$1,750	$394,578	0.44%	F
5BR	$2,030	$455,167	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,972

Median Household Income

$92,410

Housing Units

3,219

Renter Percentage

11.1%

Occupancy Rate

96.5%

Renter Occupied

346

The town of Eden, located in the heart of New York's Finger Lakes region, offers a serene and picturesque setting that appeals to both residents and visitors alike. Nestled among vineyards and lakes, it presents a unique opportunity for real estate investors interested in the Section 8 housing market. Below is a concise analysis of key metrics relevant to the rental market in ZIP code 14057.

The Fair Market Rent (FMR) for ZIP 14057 in fiscal year 2024 is set at $1090. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 program.
The average market rent in Eden, according to the latest Census American Community Survey (ACS), stands at $865. This indicates that properties participating in the Section 8 program could command a higher rent compared to the general market.
The median home value in the area is $320,006, reflecting a moderate price range for homeownership in Eden.
Renters make up 11.1% of the population, suggesting a smaller but stable demand for rental properties.
Unfortunately, the data does not provide the number of days on market (DOM) for rental listings, which would be useful for understanding how quickly units are being rented out.
The median household income in ZIP 14057 is $92,410, indicating a relatively affluent community that might support higher rental rates.

Given these metrics, Eden, NY, appears to offer a balanced opportunity for landlords and small-portfolio investors. The discrepancy between the FMR and the average market rent suggests potential for higher returns through the Section 8 program. However, the lower renter share implies a niche market that may require careful targeting. With a median income above the national average, there is a strong economic foundation supporting the local rental market. Despite the lack of specific DOM data, the combination of these factors points to a favorable environment for those willing to engage with the Section 8 program, offering steady cash flow and long-term investment stability.

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.