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 | $1,050 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,780 | $206,965 | 0.86% | C |
| 4BR | $1,950 | $219,682 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 14504 presents a moderate opportunity for landlords interested in attracting Section 8 tenants. With a population of 1,631, 20.8% of residents are renters, indicating a modest rental presence but not a dominant one. The median household income stands at $65,750, which provides a baseline for understanding the financial capacity of potential tenants.
To contextualize the rental market, the typical market rent of $1,310 is slightly above the Fair Market Rent (FMR) of $1,300 established for FY 2024. This suggests that rents in 14504 are marginally higher than the government's benchmark for affordability, which could impact the number of eligible Section 8 tenants.
The average rent consumes approximately 19.9% of the median household income, calculated by dividing $1,310 by $65,750. This percentage indicates that while rent is a significant portion of income, it is still within a manageable range for many households. However, for those relying on Section 8 vouchers, the income threshold is critical in determining eligibility.
In ZIP 14504, landlords can expect a mix of tenants, including some who use Section 8 vouchers. Given the modest rental presence and the slight premium over the FMR, landlords will likely attract a diverse tenant pool. Those with vouchers will be particularly sensitive to rent costs and may require properties that meet certain standards to qualify under their housing assistance program.
To summarize, ZIP 14504 is neither heavily dominated by homeowners nor is it a renter-heavy area with deep voucher demand. Landlords should prepare for a moderate influx of Section 8 tenants, ensuring that their properties are well-maintained and priced competitively around the $1,310 mark to attract a broad spectrum of renters.
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.