Section 8 Fair Market Rent (FMR) for ZIP 14767 - 2027

Location: Chautauqua County, NY | Metro: Chautauqua County, NY

Investment Score for ZIP 14767

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$174,159

1% Rule

0.58%

Annual Yield

6.96%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,010	$174,159	0.58%	F
3BR	$1,350	$199,728	0.68%	D
4BR	$1,400	$225,037	0.62%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,061

Median Household Income

$67,607

Housing Units

825

Renter Percentage

16.9%

Occupancy Rate

92.7%

Renter Occupied

129

The town of Panama, located in the heart of New York's Finger Lakes region, is known for its picturesque landscapes and serene living conditions. As a real-estate analyst focusing on the Section 8 market, it's crucial to understand how this charming setting translates into investment opportunities for landlords and small-portfolio investors.

Fair Market Rent (FMR): The FMR for ZIP 14767 is set at $970 per month for the fiscal year 2026, indicating the rental rate that allows families to pay no more than 30% of their adjusted income towards housing.
Market Rent: According to Census ACS data, the average market rent in Panama is $782 per month, suggesting that properties can be rented below the FMR, offering a competitive edge in attracting tenants.
Median Home Value: The median home value in the area stands at $182,690, which is a significant figure for potential investors looking to purchase properties at reasonable prices.
Renter Share: Renter share in ZIP 14767 is 16.9%, reflecting a smaller but stable tenant population compared to larger metropolitan areas.
Days on Market (DOM): The data for days on market is currently not available, which could imply either a balanced market or a lack of recent transactions to provide a reliable trend.
Median Income: The median household income in Panama is $67,607, providing insight into the financial stability of potential tenants and their ability to afford rental payments.

Synthesizing these points, investors in Panama, NY can expect a modest yet steady rental market where properties can be rented below the Fair Market Rent, making them attractive to Section 8 participants. With a median home value of $182,690, there is an opportunity to acquire properties at a lower cost relative to larger cities. The 16.9% renter share indicates a smaller but consistent demand for rentals, while the median income suggests a financially stable tenant base. Although the Days on Market data is unavailable, the combination of these other factors presents a favorable environment for landlords and small-portfolio investors seeking long-term, low-risk investments.

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.