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 | $1,140 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,610 | $214,041 | 0.75% | D |
| 3BR | $1,930 | $276,025 | 0.7% | D |
| 4BR | $2,130 | $323,996 | 0.66% | D |
U.S. Census Bureau data (2024)
Scottsville, NY, represented by ZIP code 14546, is a modest-sized community with a total population of 4,450 residents. Approximately 34.4% of these residents are renters, indicating a significant portion of the local populace relies on rental housing. The area enjoys a relatively high median household income of $95,046, which suggests a stable economic base and potential for higher-end rentals. Median home values in the region stand at $262,757, reflecting a middle-class neighborhood where homeownership is attainable but not necessarily widespread.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 14546 in fiscal year 2024 is set at $1,540. This figure represents the government's estimate of the maximum amount that should be charged for rent to ensure affordability for low-income families. In contrast, the actual market rent, as measured by the Zillow Observed Rent Index (ZORI), is $2,025. This discrepancy highlights a gap between subsidized rents and market rates, offering opportunities for both hands-off and hands-on investors.
For hands-off voucher operators, Scottsville presents a straightforward investment opportunity. With the FMR significantly lower than the market rent, there is a clear margin for profit without the need for extensive property management. However, for value-add buyers looking to actively improve their properties, Scottsville offers a chance to capitalize on the higher median income and potentially command rents closer to the ZORI, especially if the properties are well-maintained or upgraded.
In summary, Scottsville, NY, with its mix of homeowners and renters, and a median income above the national average, provides a balanced environment for Section 8 investments. Whether you prefer a passive approach or seek to engage in active property management, the economic indicators suggest that ZIP 14546 can accommodate various strategies with success.
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.