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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $145,136 | 0.98% | C |
| 3BR | $1,710 | $174,686 | 0.98% | C |
| 4BR | $1,880 | $188,355 | 1% | C |
| 5BR | $2,181 | $216,701 | 1.01% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14510, Mount Morris, NY, is set at $1130 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount the Housing Choice Voucher program will pay toward rent for a unit in this area. It does not reflect the actual rent you can charge your tenants; rather, it serves as a benchmark to ensure rents are reasonable.
To put this into perspective, the average rent for the area is $782, according to recent Census American Community Survey data. This indicates that the FMR is higher than the typical market rate, providing a buffer for landlords who participate in the Section 8 program. However, the rent you receive will be based on the tenant's income and cannot exceed the FMR.
In ZIP 14510, 23.8% of residents are renters, suggesting there is a moderate demand for rental properties. While this percentage might not seem high compared to urban areas, it still represents a significant portion of the population who could benefit from Section 8 assistance, thereby potentially increasing the pool of qualified tenants for your property.
If you're looking to acquire a new rental property in Mount Morris, the median home value is around $160,997. This gives you an idea of the investment required to enter the market. Keep in mind that participating in the Section 8 program involves additional paperwork and inspections, but it can also provide a stable source of income given the higher FMR compared to the average rent.
Before deciding to take the plunge into Section 8 rentals, verify that your property meets all the necessary requirements for the program, including health and safety standards. This ensures you avoid any unexpected costs or delays once you've committed to the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.