Location: Buffalo-Cheektowaga, NY | Metro: Buffalo-Cheektowaga, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14169 in fiscal year 2024 is set at $1090. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you'll receive; it's the payment standard used by the Housing Choice Voucher Program.
In ZIP 14169, the local median rent is currently N/A, which means the FMR of $1090 serves as a benchmark for what is considered a reasonable rent for the area. The fact that the renter share is 0.0% indicates that there is no additional rent required from the tenant beyond what the government pays. This suggests that the demand for affordable housing in this area is high, and many tenants are likely to be fully covered by the voucher.
The acquisition cost for properties in this ZIP code is also listed as N/A, which implies that there isn't enough data to provide an accurate average price for acquiring a rental property. However, given the high demand indicated by the 0.0% renter share, it might be challenging to find a property at a price that aligns with your investment goals.
To summarize, if you're considering a Section 8 rental in ZIP 14169, you can expect to receive up to $1090 per month for rent. There will be no additional rent from the tenant, so the entire amount must come from the government. Before making any final decisions, it is crucial to verify that your property meets all the quality standards set by the HUD for the Section 8 program. These standards ensure that the property is safe, decent, and sanitary for tenants, and failing to meet them could result in reduced payments or termination of the contract.
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.