Location: Rochester, 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 |
The Fair Market Rent (FMR) for ZIP 14449 for fiscal year 2024 is $1140. This figure indicates that properties in this ZIP code are expected to receive a Section 8 payment of $1140. However, without specific market rent or home value data, it's challenging to determine the exact yield potential. Given that FMR is often lower than market rent, especially in suburban areas, the yield is likely moderate.
Regarding stability, the lack of data on the percentage of renters, days on market (DOM), and median household income makes it difficult to provide a precise assessment. However, ZIP 14449 is located in a suburban area of New York, which typically has stable rental markets due to consistent demand and fewer fluctuations compared to urban centers.
Without comprehensive market data, ZIP 14449 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The stability derived from the general characteristics of suburban New York areas suggests that landlords and small-portfolio investors can expect reliable returns from their investments. However, the actual yield will depend on the market rent relative to the FMR of $1140.
To make an informed decision, consider researching additional sources for market-specific data on rental prices and property values in ZIP 14449.Data Sources: FMR data from HUD (2027).
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.