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 | $242,410 | 0.59% | F |
| 3BR | $1,710 | $311,174 | 0.55% | F |
| 4BR | $1,880 | $376,088 | 0.5% | F |
| 5BR | $2,181 | $408,611 | 0.53% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14487, which includes Livonia, NY, is set at $1200 for fiscal year 2024. This figure represents the maximum amount that a landlord can receive through the Section 8 Housing Choice Voucher program for renting out a unit. It's important to note that this is not the rent you'll charge your tenants; it's the reimbursement standard for voucher holders.
In comparison, the average rent in this area, according to the Census American Community Survey (ACS), is $946. This suggests that the FMR is higher than the typical market rate, potentially providing a financial advantage to landlords who participate in the Section 8 program. However, the actual rent you can charge is subject to negotiation between the tenant and the housing authority, but it cannot exceed the FMR.
With a 14.9% share of renters in the area, there is a steady demand for rental properties. This percentage indicates that nearly one in every seven households in Livonia relies on renting, creating a reliable tenant pool for those interested in offering Section 8 units. Additionally, the median home value in the area is approximately $299,425, which reflects the acquisition cost of a property. For a landlord looking to enter the Section 8 market, this figure provides a benchmark for understanding the investment required to acquire a property in this region.
Before proceeding with a Section 8 rental, ensure that your property meets the minimum housing quality standards known as the Housing Quality Standards (HQS). These standards are set by the U.S. Department of Housing and Urban Development (HUD) and cover various aspects of the property, including safety, sanitation, and structural integrity. A thorough inspection and any necessary repairs can save you time and money in the long run.
To summarize, the FMR of $1200 for fiscal year 2024 offers a defined ceiling for reimbursement under the Section 8 program. The local average rent of $946 shows that the FMR is above the market rate, while the 14.9% renter share highlights a consistent demand for rentals. With an acquisition cost around $299,425, you should also confirm that your property complies with HQS to avoid potential 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.