Section 8 Fair Market Rent (FMR) for ZIP 14463 - 2027

Location: Rochester, NY | Metro: Rochester, NY MSA

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

255

Median Household Income

$46,250

Housing Units

135

Renter Percentage

N/A

Occupancy Rate

90.4%

Renter Occupied

The ZIP code 14463, located in the suburban areas of New York, offers a unique opportunity for real estate investors interested in Section 8 housing. This region is characterized by a mix of residential neighborhoods and smaller commercial developments, making it a stable but less dynamic market compared to urban centers.

The Fair Market Rent (FMR) for ZIP 14463 in fiscal year 2024 is set at $1270, providing a benchmark for rental prices that align with federal guidelines.
The market rent for the area is currently N/A, indicating a lack of recent data on average rents charged outside of the Section 8 program.
The median home value in ZIP 14463 is N/A, suggesting that comprehensive data on property values may be limited or outdated.
Renter share stands at 0.0%, implying that the majority of residents in this ZIP code own their homes rather than renting, which could affect demand for rental properties.
The Days on Market (DOM) for properties is N/A, which means there's no available data on how quickly homes are selling in this area.
The median household income for ZIP 14463 is $46,250, offering insight into the financial capabilities of potential tenants.

In summary, ZIP 14463 presents a niche market for Section 8 investments, with a defined fair market rent but limited data on broader market conditions. The low renter share suggests a focus on owner-occupied homes, potentially reducing competition for rental units but also limiting the pool of prospective tenants. Given the median income figure, landlords should consider targeting properties that cater to lower-income families while ensuring compliance with Section 8 requirements. Despite the lack of some key metrics, the stability and defined parameters of the Section 8 program make this ZIP code a viable option for cautious investors looking to enter a less volatile market.

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.