Location: Rochester, NY | Metro: Rochester, 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 | $1,010 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $168,307 | 0.84% | C |
| 3BR | $1,710 | $201,257 | 0.85% | C |
| 4BR | $1,880 | $212,389 | 0.89% | C |
| 5BR | $2,181 | $247,973 | 0.88% | C |
U.S. Census Bureau data (2024)
The rent math in ZIP 14411 does not favor landlords. The Fair Market Rent (FMR) set at $1070 for fiscal year 2024 is significantly higher than the actual market rent of $858, based on Census ACS data. This discrepancy suggests that landlords may struggle to charge the FMR due to lower rental demand.
Acquisition in ZIP 14411 is relatively affordable, with a median home value of $179,317. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts indicates an uncertain housing market dynamic. Without these figures, it's challenging to assess the ease of acquiring properties at fair prices.
Tenant demand in ZIP 14411 is moderate. With a total population of 12,429 and 27.3% of residents being renters, there is a steady but not overwhelming pool of potential tenants. This suggests that while finding tenants might be possible, competition could drive down rental rates below the FMR.
Overall, ZIP 14411 presents a mixed picture for landlords and small-portfolio investors. While property acquisition is reasonably priced, the gap between FMR and market rent poses a significant challenge. Tenant demand is present but not robust enough to justify the higher FMR rents. Landlords should proceed with caution, focusing on competitive pricing and possibly targeting first-time buyers rather than relying solely on rental income.
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.