Location: Wyoming County, 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 | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $276,447 | 0.48% | F |
| 4BR | $1,690 | $329,665 | 0.51% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 14145 reveals a market that offers moderate yield potential with relatively low stability, leaning towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market.
The Federal Market Rent (FMR) for ZIP 14145 in fiscal year 2024 is set at $1050. This compares favorably against the market rent of $856, indicating a yield opportunity when properties are leased at the FMR rate. However, the median home value of $255,958 suggests that there is a significant investment required to enter this market, which tempers the overall yield potential.
Stability indicators paint a picture of a market with limited renter turnover and moderate economic conditions. The percentage of renters stands at 17.7%, which is relatively low and implies a smaller pool of potential tenants. Additionally, the average daily days on market (DOM) data is not available, making it difficult to assess how quickly rental properties can be filled. The median household income of $85,114 provides some assurance that tenants will have the financial means to pay rent, but it also indicates that competition for rental properties may exist from homeownership options.
In summary, ZIP 14145 presents a scenario where landlords and small-portfolio investors can achieve reasonable yields by leasing properties at the FMR rate of $1050, compared to the lower market rent of $856. However, the stability of the market is somewhat compromised by the low percentage of renters and the lack of DOM data, which suggests a slower turnover rate. Despite these challenges, the median income of $85,114 supports a steady cash flow, making this area suitable for those seeking a balance between yield and stability rather than a high-risk, high-reward flip-style market.
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.