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 | $740 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $338,274 | 0.41% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 14736 hinges on the interplay between its yield potential and stability metrics. With a Fair Market Rent (FMR) of $1,030 per month in fiscal year 2026, this area presents a clear opportunity for rental income, especially considering the median home value stands at $309,487. This suggests that the rental yield could be relatively strong, given the cost of property ownership.
However, the stability of the market is less robust. The rental rate constitutes only 15.6% of the total housing stock, indicating a smaller pool of tenants compared to areas with higher percentages of renters. Additionally, the average household income is noted at $92,917, which is a critical figure for assessing the financial health of potential tenants and their ability to afford rent. The lack of data on days on market (DOM) makes it challenging to gauge the speed at which properties are typically leased, but it's a notable gap in the stability assessment.
Given these specifics, ZIP 14736 does not fully align with the characteristics of a high-yield/low-stability 'flip-style' market. While the FMR indicates a decent yield potential, the low percentage of renters and the incomplete DOM data suggest a less volatile and potentially slower-moving market. Instead, this ZIP code appears to fall into a category of a steady-cashflow zone, where the returns are modestly attractive, and the risk of vacancy or default is somewhat mitigated by the relatively stable income levels of the residents.
To further refine investment decisions, landlords and small-portfolio investors should consider supplementing this analysis with local real estate trends, tenant demand, and any available historical data on rental turnovers and defaults. These additional insights can help clarify the balance between yield and stability in ZIP 14736.
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.