Location: Seneca County, NY | Metro: Seneca County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The classification of ZIP code 14588 hinges largely on the available data points regarding rental markets and housing values. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,170. This figure is critical in determining the yield potential for properties in this area. However, specific market rent and home value figures for ZIP 14588 are currently unavailable, which introduces uncertainty into the analysis.
To evaluate stability, we would typically consider metrics such as the percentage of renters, days on market (DOM), and median household income. Unfortunately, these specific figures for ZIP 14588 are also not provided, making it challenging to fully assess the stability of the real estate market here. Without these details, we cannot determine if the area leans towards high-yield but low-stability, or if it offers steady cash flow with higher stability.
Given the FMR of $1,170, landlords and small-portfolio investors might find opportunities for high yields, especially if the actual market rents are closer to this figure. However, the absence of data on local market rents and home values means that the true yield potential is speculative. Similarly, the lack of information on the percentage of renters, typical DOM, and median income precludes a definitive assessment of market stability.
For a more precise classification, additional data specific to ZIP 14588 is required. Landlords should consider conducting a thorough market analysis or consulting local real estate professionals to fill in these gaps and make informed decisions about investment strategies.
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.