Location: Rochester, NY | Metro: Rochester, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
The lack of specific market data for ZIP 14639, such as median home value and median income, suggests that the area may not be a strong candidate for appreciation plays or diversification strategies. However, the known FMR figure allows landlords to plan their investments with confidence, knowing they will receive a fixed amount per unit regardless of local market conditions.
Given the guaranteed nature of Section 8 payments, landlords can use ZIP 14639 properties to stabilize their overall investment portfolio. By anchoring a portion of their holdings in areas with reliable Section 8 funding, they can mitigate risks associated with fluctuating market rents and potential vacancies. This approach ensures a steady stream of income, which is crucial for maintaining financial stability and covering operational costs.
In conclusion, ZIP 14639 is best suited as a cash-flow anchor within a Section 8 portfolio strategy due to its known FMR of $1340 for fiscal year 2024. Landlords can rely on this guaranteed income to support their broader investment goals and provide a foundation for long-term financial planning.
Data Sources: FMR data from HUD (2027).
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.