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 | $242,726 | 0.59% | F |
| 3BR | $1,710 | $249,387 | 0.69% | D |
| 4BR | $1,880 | $296,864 | 0.63% | D |
U.S. Census Bureau data (2024)
In ZIP code 14476 in Kendall, NY, there are notable risks for landlords considering Section 8 investments. Tenant turnover is likely to be high due to the significant disparity between the market rent of $964 and the Federal Market Rent (FMR) of $1320 for FY 2024. This gap can lead to frequent changes in occupancy as tenants seek out more affordable housing options. Additionally, the vacancy exposure is concerning, as the days on market (DOM) data is currently unavailable, indicating potential difficulties in finding and retaining tenants. The deferred-maintenance exposure is also considerable, given the typical home value of $237,648 and a median income of $90,536. Landlords must be prepared to invest in property maintenance to ensure compliance with housing standards and to maintain the property's value.
However, these risks are offset by the high renter share in the area, which stands at 13.6%. High renter density often correlates with increased demand for rental properties, including those that accept Section 8 vouchers. This demand can stabilize occupancy rates and provide a steady stream of rental income.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 14476, Kendall, 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.