Section 8 Fair Market Rent (FMR) for ZIP 14065 - 2027

Investment Score for ZIP 14065

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The town of Freedom, NY, located in ZIP code 14065, offers a unique blend of rural charm and accessibility to urban amenities. This area is characterized by its modest housing market, where both homeowners and renters coexist, albeit with a smaller proportion of renters compared to larger metropolitan areas. The real estate landscape here is influenced by federal guidelines and local economic conditions, providing insights into potential investment opportunities.

• The Fair Market Rent (FMR) for ZIP 14065, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2026, stands at $1,010. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program.
• The average market rent in Freedom, NY, is currently $488, according to data from the Census Bureau's American Community Survey. This indicates that the local rental market is significantly below the FMR, offering a wide margin for landlords participating in the Section 8 program.
• The median home value in the area is $189,241, which is relatively low compared to many other regions in New York State, making it an attractive option for first-time homebuyers and investors looking for affordable entry points.
• Renters make up only 9.8% of the population, suggesting that the majority of residents prefer homeownership. This could mean that there is less competition among landlords but also fewer tenants available for Section 8 properties.
• The median household income in Freedom, NY, is $61,058. This economic indicator suggests that while the area is not particularly wealthy, it supports a stable rental market with enough financial capacity for low-income housing assistance programs.
• Data on days on market (DOM) is not available, which could imply that the local real estate transactions are less frequent or that there is insufficient data to provide an accurate DOM figure. This might affect how quickly properties can be turned over or sold.

In summary, Freedom, NY, presents a balanced opportunity for real estate investors, especially those interested in the Section 8 program. With a significant gap between the market rent and the FMR, there is a strong incentive for landlords to participate in the program. However, the limited renter share suggests that the pool of eligible tenants might be smaller, necessitating careful tenant screening and possibly a focus on maintaining a high occupancy rate. The stable median income supports the viability of the rental market, though the lack of DOM data may require additional due diligence when considering property turnover or sales. Overall, Freedom, NY, offers a niche but potentially rewarding market for those willing to engage with the specifics of low-income housing assistance.

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.