Location: Chautauqua County, NY | Metro: Chautauqua County, NY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $136,897 | 0.74% | D |
| 3BR | $1,350 | $167,507 | 0.81% | C |
| 4BR | $1,400 | $155,664 | 0.9% | C |
U.S. Census Bureau data (2024)
The ZIP code 14716, located in Brocton, NY, presents a dynamic rental market that reflects broader housing trends. The Fair Market Rent (FMR) set at $970 for the fiscal year 2026 indicates a benchmark for affordability and rental pricing in the area. However, the current market rent stands at $771 according to Census ACS data, suggesting that there is a gap between what is considered fair and what is actually being paid by tenants.
This discrepancy can be interpreted in several ways. If the FMR is higher than the actual market rent, it might imply that the rental market in Brocton is currently experiencing a slight oversupply, where landlords are willing to offer lower rents to attract tenants. Yet, the fact that the FMR is being adjusted upwards could also suggest an underlying trend towards increasing demand or cost pressures in the future.
The median home value of $145,190 provides insight into the overall housing economy of Brocton. This figure is indicative of the typical property value in the area, which can influence both rental and purchase decisions. A lower median home value might encourage more individuals to seek homeownership rather than renting, but the 29.9% renter share suggests a significant portion of the population prefers or is compelled to rent, indicating ongoing long-term housing pressure.
A high renter share often points to either economic constraints or lifestyle choices that favor renting over buying. In Brocton, this could mean that many residents are young professionals, students, or those who are economically unable to purchase homes. Alternatively, it might reflect a preference for the flexibility and lower upfront costs associated with renting.
Despite the lack of specific data on price-cut shares and days on market (DOM), the combination of a moderate median home value and a substantial renter share suggests that the market is balanced but leaning slightly towards demand outpacing supply. Landlords and small-portfolio investors should monitor these indicators closely to make informed decisions about their investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.