Location: Buffalo-Cheektowaga, NY | Metro: Buffalo-Cheektowaga, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
The ZIP code 14112, located within the Buffalo-Cheektowaga, NY MSA, presents a unique opportunity for Section 8 real-estate investors. According to the HUD Fair Market Rent (FMR) for fiscal year 2024, the FMR for this area is set at $1300 per month. However, due to limited data on the current market rents, it's challenging to provide a direct comparison. Based on the available information, voucher tenants in this region will typically cashflow at the FMR rate, but the exact margin depends on the type of unit and maintenance costs.
The median home value in ZIP 14112 is not provided, which makes deriving an exact rent-to-price ratio difficult. Nonetheless, understanding the local housing market can still be valuable for investors. The lack of specific data on median days on market (DOM) and the percentage of homes that have been discounted suggests that the buy versus rent dynamics are stable, without significant fluctuations that might impact investment strategies.
In terms of investor angles, the most compelling aspect for Section 8 investors in ZIP 14112 is likely cashflow. Given the established FMR and the absence of competitive market rent data, landlords can expect consistent monthly income without the need to offer premium units to achieve profitability. This consistency provides a strong foundation for long-term investment stability, making it a reliable choice for those looking to secure steady returns.
Data Sources: FMR data from HUD (2027).
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.