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 | $191,664 | 0.74% | D |
| 3BR | $1,710 | $240,915 | 0.71% | D |
| 4BR | $1,880 | $267,477 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 14423, located in Caledonia, NY, within Livingston County, stands out due to its unique demographic and economic characteristics. With a total population of 4,947, it has a rental rate of 23.6%, indicating a moderate demand for rental properties. The median income in this area is $80,807, which is relatively high compared to the national average, suggesting a financially stable community. Additionally, the median home value of $232,104 reflects a robust housing market.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 14423 in fiscal year 2024 is set at $1080, while the Census ACS reports the market rent at $954. This discrepancy means that landlords accepting Section 8 vouchers can expect slightly higher rents than the current market rate, providing an incentive for participation in the program.
The data signature for ZIP 14423 reads as "stable." The combination of a healthy median income and a reasonable rental rate indicates that the area is unlikely to experience significant shifts in its housing dynamics. Furthermore, the high median home value suggests that homeownership is valued and maintained, contributing to the overall stability of the community. Landlords and small-portfolio investors should find the environment conducive to long-term investment, with the potential for steady returns through Section 8 participation.
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.