Location: Rochester, NY | Metro: Rochester, NY MSA
| 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 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 14479 does not work favorably for landlords. The Fair Market Rent (FMR) set at $1120 for fiscal year 2024 is the benchmark for rental assistance under the Section 8 program. However, without specific market rent data, it's challenging to determine if the FMR adequately covers market rates. This gap can lead to lower occupancy rates or financial strain on landlords.
Regarding property acquisition, the lack of detailed data on median home values, days on market (DOM), and the percentage of homes that require price cuts makes it difficult to assess affordability. Landlords and investors need comprehensive metrics to evaluate whether buying properties in this area will be financially viable, especially considering ongoing market dynamics.
Tenant demand is strong in ZIP 14479. With a total population of 234, over 63.4% of residents are renters. This high renter share indicates a robust pool of potential tenants who qualify for the Section 8 program, ensuring steady demand for subsidized housing units.
In summary, while the tenant demand in ZIP 14479 is evident and strong, the lack of current market rent data complicates the assessment of the rent math. Furthermore, the absence of detailed acquisition cost indicators hinders a thorough evaluation of property purchase feasibility. For landlords and small-portfolio investors, the key will be to closely monitor local rental trends and property pricing to make informed decisions. The high renter share provides a solid foundation for demand but must be balanced against the financial realities of operating within the constraints of the Section 8 program.
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.