Location: Genesee County, NY | Metro: Genesee County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 14557 presents several challenges for potential Section 8 landlords and small-portfolio investors. Tenant turnover is a significant concern, especially considering that the Fair Market Rent (FMR) for the area stands at $1,120 for FY 2026, which is lower than the market rent. This discrepancy can lead to higher turnover rates as tenants seek better rental deals outside the program.
Vacancy exposure is another critical issue. With no data available on the average days on market (DOM), it's difficult to predict how long properties might remain vacant. However, given the lower FMR compared to market rents, landlords should anticipate longer periods of vacancy, increasing their financial exposure.
The risk of deferred maintenance is also present. Without specific figures on typical home values and median incomes, it's challenging to assess the financial health of property owners who might be inclined to defer necessary repairs. This can result in properties becoming less attractive to tenants and potentially leading to compliance issues with the Section 8 program.
Despite these risks, the ZIP code has a 0.0% renter share, indicating a high concentration of renters. High renter density often correlates with increased demand for housing vouchers, suggesting that there could be a robust pool of potential Section 8 tenants. This factor helps mitigate some of the risks associated with vacancy and tenant turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.