Section 8 Fair Market Rent (FMR) for ZIP 14530 - 2027

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

Investment Score for ZIP 14530

Monthly Rent (2BR)

$1,420

Median Price (2BR)

$164,172

1% Rule

0.86%

Annual Yield

10.38%

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: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,420	$164,172	0.86%	C
3BR	$1,710	$171,320	1%	C
4BR	$1,880	$171,039	1.1%	B
5BR	$2,181	$208,104	1.05%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,553

Median Household Income

$64,576

Housing Units

2,573

Renter Percentage

32.4%

Occupancy Rate

86.9%

Renter Occupied

725

ZIP code 14530, located in Perry, NY within the Wyoming County, NY metro area, presents distinct characteristics compared to other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 14530 is set at $1070 for fiscal year 2024, which is notably higher than the average market rent of $764. This suggests that properties in ZIP 14530 may be overvalued relative to what the market typically bears, making it less attractive for traditional rental investments but potentially beneficial for those participating in the Section 8 housing program.

The median home value in ZIP 14530 is listed at $155,762, indicating that property ownership costs are relatively low compared to many urban areas. However, the 32.4% renter share is above average for Wyoming County, NY ZIP codes, where the typical renter share is lower. This higher proportion of renters combined with the below-average market rents can signal a concentration of affordable housing options, often associated with Section 8 participation.

Given the data points, ZIP 14530 can be considered a value pocket within the Wyoming County, NY metro. It offers opportunities for investors who are willing to participate in the Section 8 program due to the higher FMR compared to market rents. Additionally, the combination of a relatively low median home value and a higher-than-average renter share suggests a potential sweet spot for landlords interested in serving tenants who rely on government subsidies.

To further contextualize, landlords should be aware of the following:

The FMR of $1070 provides a guaranteed minimum rent for eligible Section 8 tenants, ensuring stable income.
The market rent of $764 indicates that non-subsidized tenants might find the area affordable, reducing vacancy rates.
The median home value of $155,762 suggests that purchasing properties in this ZIP could be cost-effective, especially if the goal is long-term investment or flipping.
The 32.4% renter share implies a significant portion of the population relies on renting, which could mean a steady demand for rental properties.

In summary, ZIP 14530 stands out as a value pocket within the Wyoming County, NY metro, offering opportunities for both rental and ownership investments, particularly for those engaging with the Section 8 program.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.