Section 8 Fair Market Rent (FMR) for ZIP 14708 - 2027

Location: Allegany County, NY | Metro: Allegany County, NY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$790
2 Bedrooms	$1,020
3 Bedrooms	$1,270
4 Bedrooms	$1,560
5 Bedrooms	$1,810
6 Bedrooms	$2,027
7 Bedrooms	$2,189
8 Bedrooms	$2,298

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

148

Median Household Income

$69,286

Housing Units

Renter Percentage

5.8%

Occupancy Rate

59.1%

Renter Occupied

The classification of ZIP code 14708 on the axes of yield and stability reveals it to be a steady-cashflow zone for real estate investment. This conclusion is based on several key figures.

On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $980. Given that the specific market rent and home value figures for ZIP 14708 are not available, we rely on the FMR to estimate potential rental income. This suggests a moderate yield, as the FMR provides a benchmark for what can be expected in terms of rental rates without precise local market data.

Moving to the stability axis, the percentage of renters in the area is 5.8%, which indicates a relatively low level of tenant turnover. While the days on market (DOM) figure is not provided, the median household income of $69,286 supports a stable tenant base. Higher incomes typically correlate with better ability to pay rent on time and maintain consistent occupancy.

To further clarify, let's break down the implications:

Yield: With an FMR of $980, properties in ZIP 14708 are likely to generate rental income that aligns closely with the broader metro average. This is neither exceptionally high nor low, but rather indicative of a balanced market where returns are reasonable and predictable.
Stability: The 5.8% of renters suggests that a significant portion of the population owns homes, potentially leading to fewer vacancies and more stable tenancy. Additionally, the median income of $69,286 supports the ability of residents to sustain their living expenses, including rent, over time.

In summary, ZIP 14708 presents characteristics of a steady-cashflow zone due to its moderate yield potential and stable tenant environment. Landlords and small-portfolio investors should expect regular rental income with minimal fluctuations, making it a suitable choice for those seeking long-term, reliable returns on their investments.

Data Sources: FMR data from HUD (2027). 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.