Location: Chautauqua County, NY | Metro: Chautauqua County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
22.2% of residents in ZIP code 14732 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the potential demand for rental properties in the area. $31,250 represents the median income in ZIP 14732, which is crucial for understanding the financial capabilities of potential tenants. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,240, providing a benchmark for what is considered a reasonable rent amount for the area. While specific data on days on market (DOM) and the percentage of price-cut shares are not available, these figures typically influence the speed at which properties can be rented out and the adjustments needed to attract tenants. For landlords and small-portfolio investors considering Section 8 participation, the $1,240 FMR offers a clear guideline for setting rents that align with government standards. This ensures that the rent charged is fair and reflects the actual cost of living in the area. Furthermore, given the 22.2% renter share, there is a notable opportunity for Section 8 tenants who may be seeking affordable housing options. The median income figure of $31,250 also suggests that a portion of the population would likely qualify for Section 8 assistance based on income eligibility criteria. Therefore, landlords in ZIP 14732 should consider the benefits of participating in the Section 8 program, including a stable tenant pool and guaranteed rent payments. In conclusion, the data points towards a favorable environment for Section 8 participation, with a clear need for affordable housing and a substantial renter base.
Section 8 Verdict: Favorable for participation in ZIP 14732.
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.