Section 8 Fair Market Rent (FMR) for ZIP 14653 - 2027

FY 2027 Fair Market Rent Rates

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

Based on the available data, ZIP 14653 (near Rochester, NY) presents an interesting scenario for real estate investment. The Fair Market Rent (FMR) for the area is set at $1340 for FY 2024, indicating a moderate rental price point. However, the rental listings near ZIP 14653 suggest that the actual market rents can vary widely, with some units renting for as much as $3,895 per month.

The rental market in 14653 appears to be moderately stable, with a mix of rental types available, including apartments and townhomes. While the exact percentage of renters in the area is not provided, the presence of multiple rental listings suggests a reasonable demand for rental properties.

Regarding yield, the FMR of $1340 is likely to provide a decent return on investment, especially when considering the lower end of the market. However, the higher-end rental prices indicate potential for higher yields if targeting luxury or specialized rental markets.

Stability is somewhat uncertain without specific data on days on market (DOM) or median household income. Nonetheless, the variety of rental options and the range of rental prices suggest a diverse tenant base, which could contribute to overall market stability.

In conclusion, ZIP 14653 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR indicates a reliable rental income, while the broader market offers opportunities for higher yields through more expensive units. The diversity of rental options supports a stable tenant pool, although specific figures for income and DOM would provide a clearer picture.

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.