Location: Chautauqua County, NY | Metro: Chautauqua County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
The ZIP code 14702 represents a portion of Jamestown, NY, a city located in Chautauqua County. The demographic data for ZIP 14702 is limited, but it supports both residential and commercial activities. There are 10 business establishments in the area, employing approximately 1,519 people with an annual payroll of $83,215,000.
In terms of housing, the median home value is not available. However, the Fair Market Rent (FMR) for ZIP 14702 is set at $980 for the metro fiscal year 2026. This is lower than some of the recent market rents observed, which range from $119,900 to $699,000 for various property types.
Given the FMR and the lack of detailed demographic data, ZIP 14702 may be better suited for hands-off voucher operators rather than hands-on value-add buyers. The lower FMR suggests that the rental market is less dynamic and potentially more stable, making it easier to manage properties with minimal active intervention.
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.