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 |
|---|---|---|---|---|
| 1BR | $790 | $254,010 | 0.31% | F |
| 2BR | $1,010 | $416,466 | 0.24% | F |
| 3BR | $1,350 | $682,103 | 0.2% | F |
| 4BR | $1,400 | $885,889 | 0.16% | F |
| 5BR | $1,624 | $1,076,559 | 0.15% | F |
U.S. Census Bureau data (2024)
The ZIP code 14722, located in Chautauqua, NY, presents a unique snapshot of the local rental market. With a Fair Market Rent (FMR) set at $970 for the fiscal year 2026, it's evident that the government has established a benchmark that reflects the cost of renting in the area. However, the absence of current market rent data suggests that the area might be less dynamic compared to larger urban centers, where such information would be more readily available and updated frequently.
The median home value in ZIP 14722 stands at $576,747. This figure indicates that homeownership is relatively expensive, which could contribute to a higher demand for rental properties among those who cannot afford to purchase homes at these prices. The lack of data on price-cut share and days on market (DOM) makes it challenging to assess the exact balance between supply and demand. However, the absence of significant price cuts and quick sales might imply a market where demand closely matches supply, but without definitive time-series data, this remains an inference based on the current snapshot.
A noteworthy statistic is the 25.0% renter share. This percentage tells us that a quarter of the households in Chautauqua are renters, which can be indicative of long-term housing pressures. In markets with a high renter share, there is often a continuous need for affordable housing options, suggesting that landlords and small-portfolio investors could find steady demand for rental units. It also implies that a portion of the population is likely to remain in the rental market due to various factors such as affordability, lifestyle preferences, or job mobility.
In conclusion, ZIP 14722 appears to be a market with defined benchmarks for rental costs, but limited current data points to its dynamics. The median home value is high, potentially driving demand for rentals, while the 25.0% renter share highlights a segment of the population that may face ongoing housing pressures, providing a stable tenant base for landlords. These conditions frame the market as one that is in constant motion, influenced by both governmental standards and the needs of its residents.
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.