Location: Allegany County, NY | Metro: Allegany County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
ZIP code 14745, located in Allegany County, NY, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $970 for a metro area, which provides a stable baseline for rental income.
The limited data available suggests that there is no significant market competition or price fluctuation in this region. The median home value and median income figures are not provided, indicating a lack of robust real estate activity. This makes it less suitable for appreciation plays or diversification strategies.
With the FMR being $970, landlords can ensure a predictable and consistent cash flow from tenants participating in the Section 8 program. Given the absence of detailed market data, it is advisable to focus on the reliability of rental income rather than speculative growth or diversification opportunities.
The listings available in the immediate vicinity indicate a range of property values, from $249,900 to $2,250,000, which might suggest varying levels of investment. However, without specific market trends or data, the primary focus should remain on the FMR and its stability for rental purposes.
In conclusion, ZIP 14745 is best suited as a cash-flow anchor due to its reliance on stable rental income through the Section 8 program. Landlords can expect a steady stream of payments without the risks associated with volatile markets or speculative investments.
Data Sources: FMR data from HUD (2027).
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.