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 | $1,010 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $206,957 | 0.69% | D |
| 3BR | $1,710 | $248,375 | 0.69% | D |
| 4BR | $1,880 | $281,748 | 0.67% | D |
| 5BR | $2,181 | $331,814 | 0.66% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 14622, located in Rochester, NY, within Monroe County and the Rochester, NY MSA metro area, reveals a clear opportunity for cash flow. The HUD Fair Market Rent (FMR) for the area is set at $1270 for fiscal year 2024. In contrast, the Zillow Observed Rental Index (ZORI), which reflects the actual market rent, stands at $1595. This means that voucher tenants would cashflow at the FMR rate, providing a significant gap between the two figures.
To further understand the investment potential, consider the median home value in the area, which is $231,410. The rent-to-price ratio can be calculated by dividing the ZORI by the median home value, resulting in approximately 0.69%. This ratio suggests that rental income is relatively low compared to property values, indicating that the primary benefit for investors in this area will likely come from stable, long-term tenancy rather than high rental yields.
The market dynamics also favor quick turnover and minimal negotiation. With a median Days on Market (DOM) of just 8 days and a price-cut share of 0%, it's evident that properties in this area sell quickly without the need for significant price adjustments. This rapid sales cycle and lack of price cuts indicate a strong demand for housing, which can translate into fewer vacancies and quicker recovery times for any necessary repairs or maintenance.
The strongest investor angle in ZIP 14622 is stability. Investors can expect consistent cash flow from voucher tenants while benefiting from a robust local housing market that ensures quick property sales when needed.
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.