Section 8 Fair Market Rent (FMR) for ZIP 14712 - 2027

Location: Chautauqua County, NY | Metro: Chautauqua County, NY

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,262

Median Household Income

$86,083

Housing Units

2,327

Renter Percentage

11.0%

Occupancy Rate

64.6%

Renter Occupied

165

Housing Authorities Serving ZIP 14712

Jamestown Housing Authority (Jamestown, NY) - 272 Section 8 vouchers
Southern Tier Environments for Living (Jamestown, NY) - 25 Section 8 vouchers
Dunkirk Housing Authority (Dunkirk, NY)

Bemus Point, NY, located in ZIP code 14712, is a picturesque village situated along the shores of Chautauqua Lake. Known for its serene environment and close-knit community, it offers a unique blend of rural charm and proximity to amenities. For landlords and small-portfolio investors looking to enter this market, here's a concise analysis based on recent data.

The Fair Market Rent (FMR) for Bemus Point, NY, for the fiscal year 2026 is set at $970. This figure represents the maximum amount a tenant can be expected to pay for housing assistance under the Section 8 program.
The average market rent for the area, according to the latest Census American Community Survey (ACS), stands at $859. This indicates that the local rental market is slightly below the FMR threshold, suggesting potential opportunities for landlords to increase rents without exceeding affordable levels.
The median home value in Bemus Point, NY, is $328,893. This price point reflects the overall stability and modest growth in the residential real estate market, providing a solid foundation for investment.
Renters make up 11.0% of the housing market in Bemus Point, indicating a smaller but still significant demand for rental properties. This percentage suggests that while homeownership is prevalent, there remains a segment of the population seeking rental options.
The median household income in the area is $86,083, which provides insight into the economic health of the community and the ability of residents to afford higher rents or mortgage payments.
Note: The data does not provide a specific number of days on the market (DOM) for rentals, making it difficult to assess how quickly properties are typically leased in Bemus Point.

Investors considering Bemus Point, NY, should note the alignment between the FMR and market rent, indicating a stable rental environment where properties can be priced competitively without overstepping affordability thresholds. The median home value suggests a market that is growing but remains accessible, while the relatively low renter share points to a niche opportunity for those who can cater to the specific needs of renters in a predominantly owner-occupied community. With a healthy median income, tenants are likely to have the financial capacity to meet rental obligations, further supporting the viability of rental investments in this area.

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.