Location: Rochester, 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 | $1,090 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $273,173 | 0.56% | F |
| 3BR | $1,850 | $370,857 | 0.5% | F |
| 4BR | $2,020 | $415,757 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 14543 in Rush, NY, for fiscal year 2024 is set at $1150. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, which is not the same as the actual rent paid by tenants. Instead, it's the maximum amount that can be subsidized by the government for a rental unit in this area.
To put this into perspective, the average rent for a two-bedroom apartment in Rush, NY, based on recent Census data, is $1,294. This means that the FMR is slightly below the market rate, but still provides a reasonable income for landlords who participate in the program.
Regarding demand, about 8.8% of the population in Rush, NY, are renters. This percentage indicates a steady but not overwhelming demand for rental properties. However, it's important to note that the Section 8 program specifically targets low-income families, so the demand among eligible renters could be higher.
The median home value in Rush, NY, is approximately $359,283. For potential landlords considering their first Section 8 rental property, this figure gives an idea of the typical acquisition cost for a home in the area. While it might seem high, remember that you're likely investing in a rental property rather than purchasing a primary residence, and the ongoing income from the Section 8 program can help offset the initial investment.
Before making a decision to enter the Section 8 market, there's one critical step to take: verify the condition of the property against HUD's Housing Quality Standards (HQS). These standards ensure that the rental unit meets certain safety and habitability criteria before it can be approved for the program. This verification process is crucial because failing to meet HQS can result in penalties or loss of participation in the program.
In summary, the FMR of $1150 for ZIP code 14543 offers a clear benchmark for landlords entering the Section 8 market. With a slight discount compared to the local average rent of $1,294 and a solid demand base, it presents a viable opportunity. The median home value of $359,283 suggests a significant initial investment, but the long-term benefits can outweigh the costs. Ensure your property meets the necessary standards to avoid any issues down the line.
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.