Location: Buffalo-Cheektowaga, 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 | $1,260 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,520 | $264,728 | 0.57% | F |
| 3BR | $1,850 | $319,497 | 0.58% | F |
| 4BR | $2,110 | $414,003 | 0.51% | F |
| 5BR | $2,448 | $529,008 | 0.46% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14174 in Youngstown, NY, for fiscal year 2024 is set at $1,170. This figure represents the maximum amount that the federal government will pay landlords who participate in the Section 8 Housing Choice Voucher program. It's important to note that this is the payment standard, not necessarily the rent you can charge your tenants.
Comparatively, the average rent for the area based on Census American Community Survey (ACS) data is $1,145. This indicates that the FMR is slightly above the local average, which could be beneficial if you're looking to ensure steady income through the voucher program.
In ZIP 14174, approximately 22.8% of residents are renters. This suggests there is a reasonable demand for rental properties, particularly those that might be affordable through the Section 8 program. The median home value in the area is around $329,422, reflecting the typical cost of acquiring a property in Youngstown, NY.
Before committing to a Section 8 rental, it's crucial to verify that the property meets all local housing quality standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, which are prerequisites for participation in the program.
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.