Section 8 Fair Market Rent (FMR) for ZIP 14518 - 2027

FY 2027 Fair Market Rent Rates

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

Based on the available data, ZIP 14518, located in the Rochester, NY MSA, should be considered an appreciation play within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 14518 in fiscal year 2024 is set at $1270, which serves as a benchmark for rental rates in the area. However, due to limited market data, it's challenging to provide precise figures for median home values or current market rental prices.

The lack of specific market data suggests that ZIP 14518 might be an undervalued area with potential for growth. Given that the FMR is established at $1270, landlords can expect a steady stream of income from Section 8 tenants. This stability is crucial for maintaining a cash flow anchor in the portfolio. Additionally, the lower FMR compared to potentially higher market rents indicates that there could be room for appreciation as the local real estate market evolves.

While the exact percentage of price-cut share and days on market (DOM) are not specified, the absence of these metrics often points towards a less competitive or less tracked real estate market. This scenario can work to your advantage if you're looking to acquire properties at a lower initial cost, with the expectation that their value will increase over time as the neighborhood develops.

To summarize, ZIP 14518 is best suited as an appreciation play within a Section 8 portfolio strategy. The stable rental income from the FMR of $1270 ensures a reliable cash flow, while the potential for undervalued properties offers opportunities for long-term capital appreciation.

Data Sources: FMR data from HUD (2027).

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.