Location: Yates County, NY | Metro: Yates County, NY
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 | $880 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $564,789 | 0.22% | F |
| 3BR | $1,630 | $588,847 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 14478, located in Keuka Park, NY, within Yates County, stands out due to its unique demographic and economic characteristics. With a total population of 1,391 residents, only 6.9% of whom rent, it indicates a predominantly owner-occupied community. The median income here is $86,853, reflecting a middle-class area where families can afford modest homes. The median home value of $517,763 is significantly higher than the national average, suggesting that homeownership is a valuable asset in this region.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 14478 is set at $1050 for the fiscal year 2024. This figure represents the maximum amount of rental assistance that a household can receive through the Housing Choice Voucher program. However, the lack of available market rent data means that there is limited information on how this FMR compares to actual rents charged by landlords in the area. Despite this gap, the high median home value implies that there might be a strong demand for rental properties among lower-income households who seek the benefits of living in a stable, affluent community.
The data signature for ZIP 14478 reads as stable, with a low percentage of renters and a high median home value indicating a community that has a solid foundation in homeownership. The median income is also relatively healthy, supporting the notion that this area is economically steady. For landlords and small-portfolio investors, the stability of this ZIP code suggests a reliable investment environment, although the limited availability of rental units could present challenges in finding tenants who qualify for the Section 8 program. The absence of market rent data complicates the assessment of rental property profitability, but the high FMR of $1050 provides a benchmark for setting competitive rent rates that align with government assistance levels.
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.