Location: Cattaraugus County, NY | Metro: Cattaraugus County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 14748 reveals a mixed profile that balances both yield potential and stability considerations for real-estate investment. With a Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026, compared to the market rent of $617, there is a significant opportunity for rental income above the average market rate. This differential suggests a high-yield potential, as properties can be rented out at rates that exceed the local market average by approximately $353 per month.
However, the stability of this market is less robust. Only 19.6% of residents are renters, which indicates a smaller pool of potential tenants. Additionally, the median household income of $47,917 might not support the higher rental prices consistently, posing a risk of vacancy if the market adjusts to more affordable rates. The absence of data on days on market (DOM) further complicates the assessment of how quickly properties can be leased or sold.
The home value of $134,731 provides a baseline for investment costs. Given the rental income potential, an investor could expect a reasonable return, but the relatively low percentage of renters and the income levels suggest that this ZIP code leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The key figures driving this conclusion are the disparity between FMR and market rent, coupled with the limited rental population and income constraints.
To summarize, ZIP 14748 offers a moderate yield due to the potential for above-market rental rates, but it lacks the high-risk profile typical of flip-style markets. Instead, it presents a scenario where steady cash flow is more likely, though not without challenges related to tenant availability and affordability.
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.