Section 8 Fair Market Rent (FMR) for ZIP 14066 - 2027

Location: Wyoming County, NY | Metro: Wyoming County, NY

Investment Score for ZIP 14066

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$860
1 Bedroom	$870
2 Bedrooms	$1,010
3 Bedrooms	$1,340
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Investment Analysis by Bedroom Size

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

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,340	$200,721	0.67%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

991

Median Household Income

$64,750

Housing Units

547

Renter Percentage

14.3%

Occupancy Rate

86.8%

Renter Occupied

The ZIP code 14066, located in the heart of Western New York, offers a stable and growing rental market for landlords and small-portfolio investors. With its proximity to key urban centers and a mix of residential neighborhoods, it presents a balanced environment for property investment.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, indicating a strong demand for affordable housing.
The average market rent based on the latest Census American Community Survey (ACS) data is $692, suggesting there is room for price increases to align with FMR.
The median home value in the area stands at $165,370, making it an attractive region for both first-time homeowners and rental properties.
Renters make up 14.3% of the population, showing a significant portion of the community that relies on rental housing.
The median household income in the area is $64,750, providing a solid financial foundation for residents to afford housing costs.

Investors looking to enter the market in ZIP 14066 should note the discrepancy between the current market rent and the FMR, which could indicate potential for growth. The median home value and income levels suggest that the area is financially viable for sustaining rental prices. However, the relatively low renter share might imply a need for strategic targeting of the rental market to maximize returns. Overall, the ZIP code offers a promising opportunity for those willing to invest in properties that cater to the needs of the local rental market.

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.