Location: Chautauqua County, NY | Metro: Chautauqua County, NY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $188,619 | 0.72% | D |
U.S. Census Bureau data (2024)
ZIP 14769, located in Chautauqua County, NY, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the current market rent stands at $615. This creates a spread of $355, indicating that properties in ZIP 14769 can be rented out at rates above the market average when participating in the Section 8 program. This is particularly advantageous given the median home value of $167,531, which suggests that property acquisition costs are relatively low.
The data from multiple real estate sources confirms that the median home value in ZIP 14769 is around $162,000, which is indeed lower than the national average. This makes it feasible for landlords and small-portfolio investors to acquire properties at a cost that aligns well with the rental subsidies provided under Section 8. By leveraging this spread, investors can ensure steady and reliable cash flow from their properties in this ZIP code, without the need to worry about rapid price appreciation or significant market fluctuations.
Furthermore, with a renter share of 15.3%, there is a notable presence of tenants who may benefit from Section 8 assistance, thus providing a stable demand for subsidized housing. The median income of $49,267 supports this, as it indicates that a portion of the local population would likely qualify for the Section 8 program due to income constraints.
In summary, ZIP 14769 is best suited as a cash-flow anchor within a Section 8 portfolio strategy, thanks to its favorable FMR-market rent spread and the presence of a substantial tenant base that can benefit from rental subsidies.
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.