Location: Steuben County, 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 | $151,990 | 0.93% | C |
| 3BR | $1,710 | $180,191 | 0.95% | C |
| 4BR | $1,880 | $191,028 | 0.98% | C |
| 5BR | $2,181 | $216,502 | 1.01% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14437, Dansville, NY, is set at $1,090 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. It's important to note that this is not the actual rent that tenants will pay; rather, it's the payment standard used by the Housing Choice Voucher Program to determine the maximum rent subsidy.
To put this into perspective, the average rent in Dansville, NY, according to the Census Bureau's American Community Survey (ACS), is $902. This means that the FMR for Section 8 is slightly higher than the typical market rate, providing a potential incentive for landlords to participate in the program.
In terms of demand, approximately 19.7% of residents in Dansville are renters. This indicates a reasonable pool of potential tenants who might be interested in Section 8 housing. However, landlords should also consider the competition from other rental properties in the area when deciding whether to enter the Section 8 program.
If you're looking to acquire a property for your first Section 8 rental, the median home value in Dansville is around $166,381. This figure gives you an idea of the typical price range for homes in the area, which can help in budgeting and financial planning.
Before making the final decision to become a Section 8 landlord, ensure that your property meets the Housing Quality Standards (HQS). These standards are designed to make sure that all units rented under the Section 8 program are safe, decent, and sanitary. Failure to meet these standards could result in disqualification from the program.
Participating in Section 8 can provide a steady income stream, but it comes with specific responsibilities and requirements. The FMR of $1,090 provides a clear guideline on how much you can charge, while the local average rent of $902 helps gauge market competitiveness. With 19.7% of the population renting, there is a solid demand for affordable housing options. And knowing that the median home value is $166,381, you have a benchmark for property acquisition costs.
To summarize, the key figure to verify is whether your property meets the HQS. Once confirmed, the FMR and local rent averages give you a good starting point for understanding the financial landscape of Section 8 rentals in Dansville.
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.