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 | $1,310 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,840 | $196,033 | 0.94% | C |
| 3BR | $2,220 | $252,306 | 0.88% | C |
U.S. Census Bureau data (2024)
The ZIP code 14571, located in Waterport, NY, stands out within Orleans County due to its unique demographic and economic characteristics. With a population of 1,190 residents, only 6.7% of whom rent their homes, this area has a predominantly owner-occupied housing stock. The median income in ZIP 14571 is $80,833, which is above the national average, indicating a relatively affluent community. Additionally, the median home value is $197,408, reflecting a stable property market.
From a Section 8 voucher perspective, the Fair Market Rent (FMR) for ZIP 14571 is set at $1,820 for fiscal year 2024. However, there is no available market rent data to compare against the FMR, making it difficult to assess the impact of vouchers on local rental rates. Despite this lack of comparative data, the low percentage of renters suggests that the demand for rental properties, including those supported by vouchers, is limited.
The data signature for ZIP 14571 reads as stable. The high median income and median home values indicate financial stability among homeowners, while the low rental rate implies a strong preference for ownership over leasing. This stability is beneficial for landlords and small-portfolio investors who can expect consistent tenant behavior and little volatility in the local real estate market. For those considering accepting Section 8 vouchers, the limited rental market means competition for tenants is likely to be minimal, but also that the overall number of potential voucher holders is small. Investors should focus on the long-term benefits of owning in a stable area rather than short-term fluctuations in rental demand.
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.