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 | $1,350 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,910 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,910 | $301,869 | 0.63% | D |
| 3BR | $2,300 | $344,044 | 0.67% | D |
| 4BR | $2,510 | $415,036 | 0.6% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 14514, located in North Chili, NY, within the Monroe County and Rochester, NY MSA metro area, reveals a favorable opportunity. The Fair Market Rent (FMR) set by HUD for this zip code in fiscal year 2024 is $1700. This is higher than the market rent average reported by the Census ACS, which stands at $1,610. Therefore, voucher tenants in this area will typically cashflow at the FMR rate, providing a positive financial outlook for landlords and small-portfolio investors.
To further analyze the investment potential, consider the median home value in the area, which is $330,534. This translates into a rent-to-price ratio of approximately 0.51%, indicating that rental properties in this area are relatively affordable compared to the overall property values. This metric suggests that buying properties could be a viable option for those looking to leverage both rental income and potential property appreciation.
Note that the data does not provide a median Days on Market (DOM) or a percentage of homes that experienced price cuts. However, given the positive cashflow potential from the higher FMR compared to market rents, it is reasonable to infer that the rent-versus-buy dynamics favor renting in this area. This makes it an attractive market for investors focused on generating steady rental income.
The strongest angle for investors in ZIP 14514 is the potential for cashflow, as the higher FMR allows landlords to collect rents above the typical market rate, ensuring a reliable source of income without the need to rely on premium units.
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.