Section 8 Fair Market Rent (FMR) for ZIP 14519 - 2027

Location: Rochester, NY | Metro: Rochester, NY MSA

Investment Score for ZIP 14519

Monthly Rent (2BR)

$1,420

Median Price (2BR)

$271,251

1% Rule

0.52%

Annual Yield

6.28%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,420	$271,251	0.52%	F
3BR	$1,710	$342,689	0.5%	F
4BR	$1,880	$407,662	0.46%	F
5BR	$2,181	$452,198	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,642

Median Household Income

$85,532

Housing Units

5,393

Renter Percentage

16.5%

Occupancy Rate

96.8%

Renter Occupied

863

The town of Ontario, located in the heart of Wayne County, New York, is a suburban community known for its quiet streets and close-knit neighborhoods. Nestled near the Canadian border, it offers a blend of rural charm and easy access to urban amenities, making it an attractive location for both families and individuals seeking a peaceful lifestyle. For real estate investors interested in the Section 8 housing market, understanding the local rental dynamics and economic conditions is crucial.

Fair Market Rent (FMR) for ZIP 14519 in fiscal year 2024 is set at $1290. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher, providing a benchmark for rental pricing in subsidized housing units.
The average market rent in Ontario, NY, as per Census ACS data, stands at $887. This indicates that the FMR for Section 8 is significantly higher than the general market rent, offering a potential profit margin for landlords willing to participate in the program.
The median home value in ZIP 14519 is $334,635. This suggests that while the area is not among the most expensive in the state, it does offer a reasonable investment opportunity with a moderate property value.
Renters make up 16.5% of the population in Ontario, NY. This relatively low percentage of renters implies that there might be a smaller pool of potential tenants compared to areas with higher renter populations, but it also reflects a stable community where homeownership is common.
The median income in ZIP 14519 is $85,532. This income level provides insight into the economic stability of the area and the ability of residents to afford higher rents, though participation in Section 8 would likely be driven by lower-income households.
The Days on Market (DOM) for listings in this area is not available. This could indicate a variety of factors, including a well-balanced market or limited recent activity, which would require further investigation to determine the exact cause.

Synthesizing these points, investors considering Section 8 properties in ZIP 14519 will find a market where the Fair Market Rent exceeds the average market rent, potentially allowing for higher returns on investment. However, the relatively low percentage of renters and the median income suggest that the demand for subsidized housing may be somewhat limited. Landlords should carefully evaluate the local tenant base and the specific requirements of the Section 8 program before investing in this area. The moderate median home value also supports a balanced approach to property acquisition and management, ensuring that investments align with the economic realities of Ontario, NY.

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.