Location: Chautauqua County, NY | Metro: Chautauqua County, NY
| 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 |
U.S. Census Bureau data (2024)
33.3% of residents in ZIP 14742 are renters, indicating a significant demand for rental properties. The $970 Fair Market Rent (FMR) for the metro area as of fiscal year 2026 suggests that landlords can set competitive rents without overpricing their units. While the market rent data is currently unavailable, the median home value stands at $214,722, providing a stable foundation for property investments. Landlords should also note the median income of $78,750, which supports higher rental rates and ensures a steady stream of tenants capable of meeting those payments. Unfortunately, specific days on market (DOM) and price-cut share percentages are not available, but given the substantial renter share and fair market conditions, it's reasonable to expect a healthy turnover rate. For small-portfolio investors looking to capitalize on the rental market, Section 8 contracts offer a reliable source of income. With the FMR at $970, landlords can secure a consistent cash flow while avoiding the risks associated with fluctuating market rents. The verdict on Section 8 for ZIP 14742 is clear: it remains a viable option for landlords seeking stable occupancy and income.
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.