Section 8 Fair Market Rent (FMR) for ZIP 14611 - 2027

Location: Rochester, NY | Metro: Rochester, NY MSA

Investment Score for ZIP 14611

Monthly Rent (2BR)

$1,420

Median Price (2BR)

$99,851

1% Rule

1.42%

Annual Yield

17.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,420	$99,851	1.42%	A
3BR	$1,710	$125,217	1.37%	A
4BR	$1,880	$124,986	1.5%	A+
5BR	$2,181	$128,546	1.7%	A+

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

17,145

Median Household Income

$31,376

Housing Units

8,494

Renter Percentage

64.5%

Occupancy Rate

86.5%

Renter Occupied

4,737

Rochester, NY, specifically ZIP code 14611, is a residential area that offers both opportunities and challenges for real estate investors. The mix of rental and homeownership options reflects a diverse community where affordability plays a significant role.

The Fair Market Rent (FMR) for ZIP 14611 in fiscal year 2024 is set at $1,300, indicating the average rent price deemed fair by HUD for a two-bedroom apartment.
The actual market rent, as measured by Zillow's ZORI index, stands at $1,441, suggesting that rents in the area are slightly above the government's fair market assessment.
The median home value in this ZIP code is $116,401, which is significantly lower than the national average, making it an attractive option for first-time buyers and investors alike.
A substantial 64.5% of residents in ZIP 14611 are renters, highlighting the strong demand for rental properties in the area.
The median household income is $31,376, which is below the national average, potentially influencing the types of rental units that are most in demand.
The Days on Market (DOM) data is currently unavailable, but this metric is crucial for understanding how quickly properties sell or rent in the area.

In summary, the real estate market in ZIP 14611 presents a scenario where rental properties can be priced competitively close to the market rate while still being affordable for the majority of residents. With a high percentage of renters and a median income that is below the national average, landlords should focus on offering affordable yet quality rental units to meet the local demand. Investors looking to purchase homes for rental purposes will find a market where property values are relatively low, providing a good opportunity for acquiring assets at favorable prices. However, the lack of DOM data means there's a need to closely monitor how long properties take to rent or sell to ensure timely returns on investment.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.