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 |
|---|---|---|---|---|
| 3BR | $1,710 | $237,553 | 0.72% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 14511 is poised for stability and potential growth over the next 12-24 months, anchored by the median home value of $219,206. This figure suggests that the area remains accessible to a broad range of buyers, particularly first-time homeowners and those seeking affordable housing options.
The absence of percentage reductions in listings and the undefined median days on market (DOM) indicate a balanced market where neither buyers nor sellers hold significant leverage. In such conditions, pricing power tends to be stable, allowing landlords and small-portfolio investors to maintain their rental income without the need for frequent adjustments.
On the rent side, the Fair Market Rent (FMR) for ZIP 14511 in fiscal year 2024 is set at $1360. This figure is crucial for landlords as it represents a benchmark for rental rates, ensuring they remain competitive while maximizing returns. The FMR is typically aligned with the broader market trends, suggesting that landlords can expect steady demand for rental properties priced around this mark.
For long-term investors, the setup implies a realistic appreciation thesis based on the area's fundamentals. With a median home value that has remained relatively stable and a rental market that mirrors the FMR, there is a strong case for continued property value appreciation, albeit at a moderate pace. This is driven by factors such as population growth, job market stability, and infrastructure development, which contribute to sustained demand for both ownership and rental properties.
However, the undefined percentage of listings reduced and DOM figures also suggest caution. These metrics could indicate a less active market, where fluctuations in supply and demand might occur. Investors should monitor local economic indicators and housing market trends closely to adjust their strategies accordingly. Despite these uncertainties, the overall market signals a favorable environment for maintaining and growing property investments over the medium term.
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.