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 | $1,010 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,420 | $184,655 | 0.77% | D |
| 3BR | $1,710 | $200,142 | 0.85% | C |
| 4BR | $1,880 | $224,542 | 0.84% | C |
| 5BR | $2,181 | $238,155 | 0.92% | C |
U.S. Census Bureau data (2024)
182,229 Sodus, NY's median home value stands at $182,229, providing a solid foundation for real estate investments in the area. 19.4% With 19.4% of residents renting, there is a notable demand for rental properties. However, the market rent at $860 is significantly lower than the Fair Market Rent (FMR) of $1080 for zip code 14551 in fiscal year 2024, indicating an opportunity for landlords to potentially increase their rental incomes. 59,167 The median income of $59,167 suggests that tenants may find it challenging to afford higher rents without assistance, making the Section 8 program particularly relevant. N/A-day The lack of available data on days on market (DOM) and the percentage of price-cut share implies stability in the local real estate market, but also indicates a need for further research to understand specific trends. N/A% Despite these gaps in data, the disparity between the market rent and FMR clearly shows that landlords could benefit from participating in the Section 8 program, which would allow them to charge closer to the FMR while ensuring their properties remain occupied. 1080 For landlords in Sodus, NY, the FMR of $1080 offers a benchmark for rental pricing, especially when considering the potential for higher income through government subsidies. 860 The current market rent of $860 is below this benchmark, suggesting that many landlords are leaving money on the table. 182,229 Given the median home value and the percentage of renters, the Section 8 program presents a viable option for increasing rental income and maintaining occupancy rates. 19.4% The high renter share of 19.4% means there is a substantial tenant pool that could be tapped into by leveraging the Section 8 program. 59,167 With the median income at $59,167, tenants might struggle to pay higher rents without financial support, making Section 8 a practical solution for both landlords and tenants.
Based on the provided data, landlords and small-portfolio investors in Sodus, NY should consider the benefits of participating in the Section 8 program to maximize their rental income and ensure steady occupancy.
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.