Location: Steuben County, NY | Metro: Steuben County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 14529 stands out due to its unique characteristics that set it apart from other areas. With only 77 residents, it is one of the smallest ZIP codes in terms of population. Despite its size, 24.3% of these residents are renters, indicating a notable demand for rental properties. The median income in this ZIP is $74,479, which suggests a relatively affluent community, although the median home value is not available, making it difficult to assess the overall housing market.
Moving onto the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130. This figure is crucial for landlords and small-portfolio investors as it represents the benchmark for rental rates covered under Section 8. However, the current market rent for ZIP 14529 is also not available, which could be due to limited data or an underdeveloped rental sector. Landlords should take note of the FMR and consider setting their rental rates accordingly to attract Section 8 tenants.
In conclusion, the data signature for ZIP 14529 reads as transitional. The lack of available data on median home value and market rent indicates that the area might still be developing its housing market. While there is a clear demand for rental properties among the small resident population, the absence of key metrics suggests that the market is not yet stable or fully formed. Investors should proceed with caution and seek additional local insights before making any significant investment decisions.
Data Sources: FMR data from HUD (2027). 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.