Section 8 Fair Market Rent (FMR) for ZIP 14418 - 2027

Investment Score for ZIP 14418

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor looking into Branchport, NY (ZIP 14418), might have several concerns regarding the viability of renting properties under the Section 8 program. Here's an analysis addressing those specific issues:

• Will FMR $1040 (zip FY 2024) cover the mortgage on a $318,608 home?: The Fair Market Rent (FMR) for ZIP 14418 is set at $1040 per month for FY 2024. This amount alone will not sufficiently cover the mortgage payment on a median-priced home valued at $318,608. A standard 30-year fixed-rate mortgage at today's average rate would result in monthly payments well above the FMR, making it financially challenging to solely rely on Section 8 rental income.
• Is there enough renter demand at 7.8%?: The percentage of renters in Branchport, NY, stands at 7.8%. This figure suggests that the local rental market is relatively small, which could pose a risk for landlords and small-portfolio investors. With such a low percentage of renters, finding qualified tenants who meet the Section 8 criteria might be difficult, especially if the housing stock is limited. However, it's important to consider the local context and whether there are specific factors driving rental demand, such as seasonal tourism or proximity to larger employment centers.
• Will vouchers keep pace with N/A market rents?: Unfortunately, the data does not provide a direct comparison between voucher amounts and market rents for ZIP 14418. The lack of this information makes it impossible to definitively state whether vouchers will cover the actual cost of renting in the area. It's crucial for investors to research local market conditions and trends to understand how voucher rates correlate with real estate costs. In many cases, vouchers do not fully cover market rents, leaving landlords responsible for any shortfall.

The analysis of these points reveals that while Section 8 can be a stable source of rental income, it may not be sufficient to support the financial needs of landlords in Branchport, NY, particularly when considering the purchase price of homes and the limited size of the rental market. Investors should proceed with caution and conduct thorough due diligence before committing to Section 8 properties in this ZIP code.

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.