Location: Rochester, NY | Metro: Rochester, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The ZIP code 14542 is not a renter-heavy area with deep voucher demand. In fact, it has an extremely low percentage of renters at 0.0%, indicating that this region is predominantly homeowner-dominated. With such a high proportion of homeowners, the presence of tenants using Section 8 vouchers is likely to be scarce.
The median household income for this ZIP code is not available, which makes it difficult to accurately assess how much of the local income would typically go towards rent. However, without a concrete figure on market rent, we can still compare the situation to the Fair Market Rent (FMR) of $1140 for FY 2024 in this ZIP code. This FMR represents the maximum amount of rent that a landlord could charge a Section 8 tenant, assuming the tenant's voucher covers the full amount.
Given the lack of specific data on rental rates and income levels, landlords in ZIP 14542 should prepare for a tenant pool that primarily consists of individuals who own their homes rather than those who rely on rental assistance programs like Section 8. The scarcity of renters means that landlords might have fewer potential Section 8 tenants to choose from, and the overall demand for rental properties supported by vouchers is expected to be low.
To summarize, landlords in ZIP 14542 should expect a tenant profile that is less reliant on government rental assistance due to the area's strong preference for homeownership. The expectation of finding tenants who use Section 8 vouchers should be tempered by the reality of the local housing market dynamics.
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.