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 | $206,392 | 0.69% | D |
| 3BR | $1,710 | $289,539 | 0.59% | F |
| 4BR | $1,880 | $336,164 | 0.56% | F |
| 5BR | $2,181 | $358,855 | 0.61% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 14568, Walworth, NY, is set at $1,110 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers in your area. It is important to note that this is not the amount you will receive as rent; rather, it is the maximum amount that can be paid on behalf of the tenant.
In comparison, the average rent for the same area is listed at $1,028 according to the Census Bureau's American Community Survey (ACS). This indicates that the FMR is slightly higher than the typical market rate, which could be beneficial if you're looking to cover costs associated with maintaining a rental property.
The renter share in Walworth, NY, is 3.9%, meaning nearly 4 out of every 100 residents are renters. This suggests a moderate demand for rental properties, particularly those participating in the Section 8 program. Given the local median home value is around $284,391, this can help you understand the potential acquisition cost for a property in this ZIP code.
To ensure profitability, you must verify that your proposed rental property meets the quality and maintenance standards required by the Section 8 program. These standards are set by the Department of Housing and Urban Development (HUD) and include items such as structural integrity, safety, and cleanliness. Meeting these criteria is essential for approval and to avoid any penalties or contract termination.
By aligning your rental property with the local FMR and ensuring it meets HUD's standards, you can provide a valuable service to tenants while also securing a stable income stream. The slightly higher FMR compared to the local average rent can help offset some of the operational costs involved in managing a Section 8 property.
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.