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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $229,961 | 0.44% | F |
| 3BR | $1,350 | $240,305 | 0.56% | F |
| 4BR | $1,400 | $285,407 | 0.49% | F |
| 5BR | $1,624 | $396,102 | 0.41% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 14724, which encompasses Clymer, NY, and parts of Chautauqua County, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $970 per month for the fiscal year 2026, covering the broader Chautauqua County metro scope. In contrast, the Census ACS reports an average market rent of $725 per month in this specific ZIP code.
This comparison indicates that voucher tenants will cashflow at the HUD FMR rate, providing landlords with a positive financial margin. The difference between the HUD FMR and the market rent suggests that landlords can expect a monthly profit of approximately $245 from each voucher tenant, assuming they are renting their units at the FMR rate. This positive cashflow scenario is particularly attractive for landlords who may be concerned about the financial viability of accepting Section 8 vouchers.
To further analyze the investment potential, consider the median home value in ZIP 14724, which stands at $225,667. Using the reported market rent of $725, we can calculate a rent-to-price ratio of roughly 0.0032, or 0.32%. This ratio suggests that the cost of renting a property is significantly lower than purchasing it, indicating that the rental market may offer better returns compared to the home buying market.
Note that the data does not provide specifics on the median Days on Market (DOM) or the percentage of homes that required price reductions. However, given the strong cashflow potential, these metrics may not be as critical for determining the attractiveness of the rental market in ZIP 14724.
The strongest investor angle in this market is undoubtedly cashflow, given the significant gap between the HUD FMR and the actual market rent, ensuring landlords receive above-average rental income even when working with Section 8 vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.