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 | $1,140 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,610 | $274,310 | 0.59% | F |
| 3BR | $1,930 | $328,030 | 0.59% | F |
| 4BR | $2,130 | $397,390 | 0.54% | F |
| 5BR | $2,471 | $502,233 | 0.49% | F |
U.S. Census Bureau data (2024)
1490 is the Fair Market Rent (FMR) for ZIP code 14607 in Rochester, NY, for fiscal year 2024, setting a clear benchmark for rental properties eligible under the Section 8 program. 1403 is the actual market rent (ZORI), indicating a slight gap between the FMR and what tenants might expect to pay in the open market. 349582 represents the median home value in this area, reflecting a stable housing market. With 81.7 percent of residents being renters, there is a strong demand for rental properties in ZIP 14607. The median income of 59787 suggests that many residents qualify for assistance programs like Section 8, given the income limits set by HUD. While N/A day DOM (days on market) and N/A percent price-cut share indicate incomplete data, the overall picture shows a robust rental market. Landlords can leverage these numbers to ensure their properties are priced competitively yet within the bounds of Section 8 guidelines. The significant renter share and the alignment of median income with Section 8 eligibility criteria make this ZIP code an attractive investment opportunity for those interested in participating in the program. In conclusion, the data points towards a favorable environment for Section 8 participation, with high tenant demand and reasonable property values.
Verdict: Section 8 is a viable option in ZIP 14607.
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.