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 | $188,736 | 0.75% | D |
| 3BR | $1,710 | $236,772 | 0.72% | D |
| 4BR | $1,880 | $248,017 | 0.76% | D |
| 5BR | $2,181 | $265,378 | 0.82% | C |
U.S. Census Bureau data (2024)
15.8% of Holley, NY's population are renters, indicating a moderate demand for rental properties in the area. The $213,693 median home value suggests that while property values are not exceedingly high, they represent a significant investment. For landlords and small-portfolio investors looking at the rental market, the $846 market rent figure provides a clear benchmark for what tenants might expect to pay. However, when considering the $65,938 median income, it becomes apparent that many residents may struggle to afford market rents without assistance. This is where the $1070 Fair Market Rent (FMR) for ZIP code 14470 comes into play, offering a higher rent threshold that can be beneficial for those receiving housing assistance through programs like Section 8.
The absence of data on days on market (DOM) and the percentage of price-cut shares indicates stability in the local real estate market, with little fluctuation in property pricing and quick sales. This stability is crucial for investors seeking consistent returns on their investments. Given the disparity between the $846 market rent and the $1070 FMR, participating in the Section 8 program could provide a more reliable and stable income stream for landlords in Holley, NY. It allows them to charge closer to the FMR while still providing affordable housing options for low-income families.
In conclusion, for landlords and small-portfolio investors in Holley, NY, the Section 8 program presents an opportunity to capitalize on a moderate rental market demand, leveraging the higher FMR of $1070 against the lower market rent of $846, thereby ensuring a steady and predictable income source. Verdict: Section 8 is a viable option for investors in Holley, NY.
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.