Location: Chautauqua County, NY | Metro: Chautauqua County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 14166, located within Chautauqua County, NY, presents a unique scenario when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. This figure represents the median gross rent for a standard-quality rental unit and includes utilities, except telephone and cable television, but excludes allowances.
However, for ZIP 14166, both the market rent and home value data points are currently unavailable. Despite this, the renter share for 14166 stands at 0.0%, which means that none of the residents in this ZIP code are renting their homes. This is a stark contrast to what might be expected in a typical Chautauqua County, NY ZIP, where there would likely be a higher percentage of renters.
Given the absence of market rent and home value data, it's challenging to definitively classify 14166 as a value pocket, mid-tier neighborhood, or premium sub-market. However, the zero percent renter share suggests that this ZIP code is predominantly owner-occupied. In the context of Section 8 analysis, this makes 14166 less attractive for landlords seeking to participate in the federal housing assistance program, as there are no tenants renting properties.
A usual indicator of a Section 8 sweet spot would be a high renter share coupled with below-average home values, suggesting a concentration of lower-income households who might benefit from rental subsidies. Since 14166 has a 0.0% renter share, it does not fit into the typical sweet spot category for Section 8 investments. Instead, it appears to be a community where homeownership is the norm, possibly due to the area being more residential or having different economic characteristics compared to other parts of the county.
To make a more precise assessment, additional data such as the median income of residents and the overall economic profile of the ZIP code would be necessary. Until then, based on the available figures, 14166 cannot be classified as a prime location for Section 8 rentals, given the lack of renters and the unknown market conditions.
Data Sources: FMR data from HUD (2027). 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.