Location: Genesee County, NY | Metro: Rochester, NY MSA
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 14422 in Byron, NY, stands out within Genesee County due to its unique demographic and economic characteristics. With a total population of 1,809, only 9.4% of the residents are renters, indicating a predominantly owner-occupied area. The median household income is relatively high at $91,786, which supports a robust local economy. Furthermore, the median home value of $200,467 reflects a stable housing market.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 14422 has been set at $1,180 for the fiscal year 2024. This is notably higher than the average market rent of $852, based on Census ACS data. Landlords who accept Section 8 vouchers can expect to receive a higher rental income compared to the local market rates, making this ZIP code particularly attractive for those willing to participate in the program.
The data signature for ZIP 14422 suggests a stable environment. Despite the low percentage of renters, the significant gap between the FMR and the market rent provides an opportunity for landlords to benefit financially from Section 8 tenants without compromising on profitability. This stability is further reinforced by the strong median income and home values, which indicate a resilient local economy capable of supporting both homeowners and renters.
Data Sources: FMR data from HUD (2027). 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.