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 | $225,556 | 0.63% | D |
| 3BR | $1,710 | $256,681 | 0.67% | D |
| 4BR | $1,880 | $283,557 | 0.66% | D |
| 5BR | $2,181 | $286,815 | 0.76% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14432, Clifton Springs, NY, for fiscal year 2024 is set at $1,070. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the actual rent you will receive; it's the payment standard that HUD uses to determine the maximum subsidy for tenants.
In comparison, the average rent for the area, according to Census ACS data, is $699. This lower figure suggests that the FMR of $1,070 provides a reasonable margin above the market rate, ensuring that landlords receive a fair compensation even when the tenant pays a portion of the rent themselves.
With an 18.1% share of renters in the local population, there is a steady demand for rental properties. This percentage indicates that nearly one in every five residents in Clifton Springs are renters, creating a consistent pool of potential tenants for your Section 8 property.
The median home value in the area is approximately $241,336, which gives you a benchmark for the acquisition cost of a property. Given the FMR and the renter share, a Section 8 property can be a viable investment, especially if you're looking to stabilize your income stream without the volatility of market rents.
Before proceeding with your first Section 8 rental, ensure that the property meets all the necessary Housing Quality Standards (HQS). These standards are set by HUD to make sure that the housing is safe, decent, and sanitary for tenants. A thorough inspection and any required repairs can prevent future delays in receiving rental payments.
In summary, the FMR of $1,070 offers a clear guideline for the maximum allowable rent under Section 8, while the local average rent of $699 shows that this is above the typical market rate. With an 18.1% renter share, there is a reliable demand for rentals, and the median home value of $241,336 helps you gauge the initial investment cost. Verify that your property meets HQS requirements to avoid any issues with payment.
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.