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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $238,060 | 0.6% | F |
| 3BR | $1,710 | $262,522 | 0.65% | D |
| 4BR | $1,880 | $285,594 | 0.66% | D |
U.S. Census Bureau data (2024)
The potential pitfalls for landlords investing in ZIP 14477, Kent, NY, under the Section 8 program are significant. Tenant turnover could be a challenge due to the disparity between the market rent at $718 and the Fair Market Rent (FMR) of $1160 for FY 2024. This difference may attract tenants who are more likely to move frequently, seeking lower-cost housing options. Additionally, vacancy exposure is a concern, as the days on market (DOM) data is not available, indicating a lack of recent sales activity that could provide insights into the local rental market's health.
The deferred maintenance exposure is another risk factor. With a typical home value of $236,280 and a median income of $96,607, homeowners might struggle to keep up with necessary repairs and improvements. This financial strain can lead to higher maintenance costs for landlords, especially if they inherit properties that have been neglected. However, the high renter share of 10.0% suggests a robust demand for rental properties, which often correlates with a higher number of Section 8 vouchers being utilized in the area. This demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure.
In conclusion, the risks associated with Section 8 investments in ZIP 14477 are moderate. The combination of high tenant turnover and deferred maintenance exposure poses challenges, but the strong renter base provides a buffer against these issues.
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.