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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $209,355 | 0.68% | D |
| 3BR | $1,710 | $278,227 | 0.61% | D |
| 4BR | $1,880 | $323,020 | 0.58% | F |
| 5BR | $2,181 | $339,748 | 0.64% | D |
U.S. Census Bureau data (2024)
1240 is the Fair Market Rent (FMR) for ZIP 14420, Brockport, NY, for fiscal year 2024, indicating the maximum rental assistance payment HUD will allow. However, the actual market rent, measured by ZORI, stands at 1549, suggesting a premium landlords can charge above the FMR. The median home value in the area is 270709, which is significantly higher than the median income of 75577, implying that homeownership is less accessible compared to renting. With a renter share of 37.1%, it's clear that nearly 4 out of 10 residents are tenants, highlighting a robust demand for rental properties. The median income figure, 75577, underscores the financial capability of the local population but also reveals a gap between what they earn and what they pay in rent. The day DOM (days on market) is listed as N/A, which could mean that there isn't enough data to determine how long homes typically stay on the market before being sold, or it might indicate that the housing market in Brockport is stable with quick sales. The price-cut share of 0.1% further supports this notion, showing that very few sellers are forced to reduce their asking prices to attract buyers. Given these metrics, the verdict for Section 8 participation in ZIP 14420 is positive; landlords can expect a steady stream of qualified tenants without significant risk of vacancy or price reductions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.