Location: Wyoming County, NY | Metro: Allegany 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 | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $149,640 | 0.68% | D |
| 3BR | $1,260 | $151,039 | 0.83% | C |
| 4BR | $1,610 | $178,833 | 0.9% | C |
U.S. Census Bureau data (2024)
The ZIP code 14735, located in Fillmore, NY, has a population of 2,575 residents, with only 15.8% being renters. This indicates that the area is predominantly homeowner-dominated rather than renter-heavy. The median household income stands at $69,891, which provides a baseline for understanding the economic context of the community.
In terms of rental market dynamics, the average market rent is $783. This represents approximately 11.2% of the median household income, calculated by dividing the rent by the median income ($783 / $69,891 * 100 = 11.2%). However, this percentage is based on the median household income, which may not accurately reflect the income level of those who rely on housing vouchers. Typically, voucher recipients earn less than the median income, suggesting that rent constitutes a larger portion of their income.
The Fair Market Rent (FMR) for the metro area is set at $1,000 for FY 2026. This means that the market rent in Fillmore, NY, is below the FMR, indicating that landlords could potentially benefit from Section 8 vouchers, which cover rents up to the FMR level. Given the relatively low market rent compared to the FMR, there is likely to be a demand for vouchers among tenants, especially those with lower incomes.
A landlord in Fillmore, NY, should expect tenants who are eligible for Section 8 vouchers to have a household income significantly below the median. These tenants will likely be families with children, individuals with disabilities, or elderly persons who qualify for federal assistance due to their financial situation. The scarcity of renters in the area suggests that competition for tenants using vouchers may be less intense, but also implies that landlords might need to actively seek out voucher holders to fill vacancies.
To conclude, while the overall population in ZIP 14735 leans towards homeownership, there is still a niche market for Section 8 tenants. Landlords can expect a steady demand for units that accept vouchers, particularly from low-income households. The below-FMR market rent makes it a suitable location for voucher holders, offering them affordable housing options within their budget constraints.
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.