Location: Rochester, NY | Metro: Rochester, NY MSA
| 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 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 14592 reveals a unique real estate landscape that is neither purely high-yield nor low-stability, but rather a blend that leans towards steady cash flow opportunities for landlords and small-portfolio investors.
The Federal Market Rent (FMR) for ZIP 14592 in fiscal year 2024 is set at $1090. This figure represents the maximum rent that a landlord can charge a Section 8 tenant, which is lower than the market rate, given as N/A, suggesting that the area might not have robust market rental data available. However, the average home value in this ZIP is $191,908, indicating that the properties are relatively affordable. The combination of these figures suggests that while the potential for high rental yields is limited due to the capped FMR, the low property values make it possible to achieve decent returns through careful management and selection of properties.
Stability is another key factor in this ZIP code. With 0.0% of the population listed as renters, it indicates a predominantly owner-occupied neighborhood, which can be seen as stable since there's less turnover and more long-term residents. The median household income of $85,000 further supports the stability of this market, as it implies that residents have a solid financial base to support their housing costs. While the Days on Market (DOM) figure is not available, the strong income levels suggest that homes sell relatively quickly once they're put up for sale, maintaining property values and reducing vacancy risks.
Given these factors, ZIP 14592 appears to be a steady-cashflow zone. The low percentage of renters and the strong median income point towards a stable environment where tenants are likely to pay consistently and stay for longer periods. The affordability of homes, coupled with the FMR, provides a reasonable basis for investment without the high-risk profile associated with flipping properties in areas with volatile rental markets. For landlords and small-portfolio investors looking to avoid high-risk investments and focus on reliable, consistent returns, ZIP 14592 offers a suitable opportunity.
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.