Location: Wyoming County, 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 | $1,010 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,710 | $240,456 | 0.71% | D |
| 4BR | $1,880 | $261,848 | 0.72% | D |
U.S. Census Bureau data (2024)
ZIP 14533, located in Wyoming County, NY metro, serves as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the significant spread between the Fair Market Rent (FMR) for ZIP 14533, which is set at $1090 for FY 2024, and the current market rent of $1,034. The positive spread indicates that landlords can benefit from higher rents paid through the Section 8 program compared to the local market rates.
The median home value in ZIP 14533 is $224,461. However, the focus here is on rental properties, where the Section 8 program provides a stable source of income. The program guarantees timely rent payments directly to landlords, reducing the risk of non-payment and ensuring consistent cash flow. This makes ZIP 14533 an ideal location for anchoring a Section 8 portfolio, as it offers both stability and a financial advantage over market rates.
While the ZIP code does not present itself as an appreciation play, due to the lack of specific data on price-cut shares and days on market (DOM), it still holds potential as a diversifier. With a renter share of 30.1%, there is a substantial portion of the population that relies on rentals, including those who might be eligible for Section 8 assistance. The median income of $68,170 suggests that there is a mix of economic conditions, allowing for a variety of tenant profiles and potentially reducing dependency on a single income bracket.
Incorporating ZIP 14533 into a Section 8 portfolio strategy ensures a reliable cash flow while also providing diversification benefits. Landlords should focus on maintaining properties that meet the program's requirements to continue benefiting from the higher FMR rates. Additionally, understanding the local rental market dynamics will help in managing expectations and optimizing property management practices.
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.