Location: Genesee County, NY | Metro: Genesee County, NY
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 | $800 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $198,636 | 0.58% | F |
| 3BR | $1,370 | $248,311 | 0.55% | F |
| 4BR | $1,520 | $277,823 | 0.55% | F |
U.S. Census Bureau data (2024)
ZIP code 14143, located in Stafford, NY, within the Genesee County, NY metro area, presents an interesting comparison when examining its Federal Market Rent (FMR) of $1,270 for fiscal year 2026, alongside its market rent of $735 and median home value of $228,538. The renter share stands at 13.8%. To contextualize these figures, we must consider what is typical for ZIP codes within Genesee County.
The FMR of $1,270 for ZIP 14143 is notably higher than the market rent of $735, indicating that federally subsidized rents are set above what the market would naturally bear. This suggests that the area might benefit from additional federal support, which can be advantageous for landlords participating in Section 8 programs.
Comparatively, the median home value of $228,538 is relatively stable, but it's important to note that this figure alone doesn't provide enough context without knowing the broader range of home values across Genesee County. However, given the discrepancy between the FMR and the market rent, combined with a moderate renter share, ZIP 14143 appears to be a mid-tier neighborhood rather than a premium sub-market or a value pocket within the larger Genesee County metro area.
A key point of divergence is the high renter share relative to the home value. A higher proportion of renters with lower home values can signal a potential sweet spot for Section 8 investors. This dynamic often means there is a significant demand for rental properties among tenants who qualify for housing assistance, making such neighborhoods attractive for those seeking steady, government-backed rental income.
In conclusion, while ZIP 14143 does not stand out as either the most premium or the most affordable sub-market within the Genesee County metro area, its characteristics suggest it offers a solid opportunity for Section 8 landlords and small-portfolio investors. The combination of federally supported rent levels and a substantial renter population makes it a worthwhile consideration for those looking to invest in this sector.
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.