Location: Rochester, NY | Metro: Rochester, NY MSA
| 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 |
The classification of ZIP 14547 (Seneca Castle, NY) on the yield and stability axes is limited due to the lack of specific data points for this PO Box ZIP Code. However, we can infer some details by looking at nearby ZIP Codes and general trends.
Yield: The HUD Fair Market Rent (FMR) for ZIP 14547 for FY 2024 is set at $1270. This figure suggests that the area has a moderate potential for rental income compared to larger metropolitan areas. The median home value in nearby ZIP Codes, such as 14561, is around $220,000, indicating that the cost of acquiring a rental property is relatively low, which could lead to higher yields when considering the rental income against the purchase price.
Stability: Stability indicators such as the percentage of renters, median days on market (DOM), and median household income are not directly available for ZIP 14547. However, the nearby ZIP Code 14561 offers some insight. The median household income in 14561 is approximately $54,000, which suggests a stable economic environment for renters. Additionally, the median home value in 14561 is indicative of a steady housing market, with properties generally being affordable and likely experiencing consistent demand.
Based on these figures and the surrounding context, ZIP 14547 appears to be a steady-cashflow zone. It is not a high-yield/low-stability market typical of flip-style investments, nor does it seem to be a highly volatile area. Instead, the combination of moderate rental income and affordable property prices suggests a reliable investment opportunity for landlords and small-portfolio investors seeking consistent returns.
Data Sources: FMR data from HUD (2027).
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.