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

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 14767

• Jamestown Housing Authority (Jamestown, NY) - 272 Section 8 vouchers
• Southern Tier Environments for Living (Jamestown, NY) - 25 Section 8 vouchers
• Dunkirk Housing Authority (Dunkirk, NY)

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). 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.