Location: Buffalo-Cheektowaga, 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 | $980 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $211,857 | 0.56% | F |
| 3BR | $1,440 | $265,897 | 0.54% | F |
| 4BR | $1,640 | $301,394 | 0.54% | F |
| 5BR | $1,902 | $320,454 | 0.59% | F |
U.S. Census Bureau data (2024)
The Section 8 HUD Fair Market Rent (FMR) for ZIP 14067 (Gasport, NY) is set at $1220 for the fiscal year 2024. In contrast, the market rent as reported by the Census Bureau's American Community Survey (ACS) stands at $802. This indicates that voucher tenants will generally cashflow at the FMR rate, meaning landlords can expect a positive cashflow from Section 8 tenants.
The median home value in Gasport, NY is $249,522. With the median market rent at $802, the rent-to-price ratio is approximately 0.32%, suggesting that rental income is relatively low compared to the value of owned homes. However, this also implies that the area is primarily residential with a focus on homeownership, which can provide stability for long-term investments.
Regarding the real estate market, there is limited data available on the median days on market (DOM) and the percentage of price cuts. This suggests that the rental versus buying dynamics do not significantly impact the overall market stability, indicating that both sectors can be viable for investment.
The strongest angle for Section 8 investors in Gasport, NY is likely cashflow, given the discrepancy between the HUD FMR and the actual market rent, allowing landlords to receive higher subsidies than typical market rates.
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.