Section 8 Fair Market Rent (FMR) for ZIP 14205 - 2027

FY 2027 Fair Market Rent Rates

The Section 8 market analysis for ZIP code 14205 in Buffalo, New York, reveals several key points for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $1190. This figure represents the maximum amount that voucher holders can pay towards their rent. However, due to the lack of specific market rent data for comparison, it's essential to rely on the HUD FMR as a benchmark.

Voucher tenants in ZIP 14205 will generally cashflow at the FMR rate, meaning they can cover their rent without additional subsidies. The median home value data is currently unavailable, which makes deriving an exact rent-to-price ratio challenging. Nonetheless, given the typical dynamics between rental and home purchase markets, landlords should expect a stable tenant pool who can consistently meet their financial obligations.

The days on market (DOM) and price-cut percentage data are also not available, which could have provided insights into the local housing market's liquidity and the extent to which sellers are willing to negotiate. In the absence of these metrics, the focus should remain on the reliability of the HUD FMR and the consistent cashflow it supports.

The strongest investor angle in this market is cashflow. Given the predictable nature of the HUD FMR and the expectation that voucher tenants can maintain steady payments, landlords and investors can count on reliable income streams from their properties in ZIP 14205. This predictability makes the area attractive for those seeking stable returns from their investments.

Data Sources: FMR data from HUD (2027).

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.