Section 8 Fair Market Rent (FMR) for ZIP 14563 - 2027

FY 2027 Fair Market Rent Rates

The analysis of ZIP code 14563 within the Rochester, NY MSA metro area reveals several key points regarding its suitability for Section 8 investments.

The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for FY 2024 is set at $1140. Without comparative market rent figures, it's challenging to determine if this rate adequately covers operational costs and provides a reasonable profit margin for landlords.

Regarding acquisition affordability, the absence of specific data on median home values, days on market (DOM), and the percentage of homes requiring price cuts makes it difficult to assess the ease of purchasing properties in this area. Landlords and investors need accurate metrics to gauge how competitive the real estate market is and whether they can acquire properties at a price that aligns with their investment strategies.

Tenant demand is also uncertain given the lack of detailed population and renter share statistics. Understanding the number of potential tenants and the proportion of renters in the area is crucial for predicting occupancy rates and the stability of rental income.

Verdict: ZIP 14563 presents an incomplete picture for Section 8 real estate analysis. While the FMR of $1140 is established, the absence of critical data such as market rents, median home values, days on market, price-cut percentages, population size, and renter share hinders a comprehensive assessment. Investors should seek additional local market intelligence before making decisions about this ZIP code.

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.