Location: Cattaraugus County, NY | Metro: Cattaraugus County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 14783, located within Cattaraugus County, NY, has a Family Monthly Income Rent (FMR) of $1,000 for fiscal year 2026. This figure is critical for understanding the rental market dynamics in the area, particularly for landlords and small-portfolio investors who are interested in Section 8 housing opportunities.
Comparatively, the FMR of $1,000 is a key indicator of the affordable housing market in 14783. While specific market rents and home values are not available, the renter share at 34.0% suggests that a significant portion of residents in this ZIP code rely on renting their homes. This aligns with the potential for Section 8 tenants, who typically require housing assistance.
To contextualize 14783's position within the broader Cattaraugus County, NY metro, we must infer based on the provided data. The absence of market rent and home value data implies that 14783 might be a less developed or rural area within the county. However, the high renter share of 34.0%, coupled with an FMR of $1,000, indicates that it could be a value pocket for investors looking to cater to low-income renters.
A value pocket is characterized by lower-than-average property costs and higher-than-average demand for affordable housing. In 14783, the reliance on rental properties, as evidenced by the high renter share, and the relatively low FMR suggest that it fits this description. Landlords can expect a steady stream of potential Section 8 tenants, making it an attractive investment option for those willing to navigate the intricacies of government-subsidized housing programs.
The inference that 14783 is a value pocket rather than a mid-tier neighborhood or a premium sub-market is further supported by the lack of high-end market indicators such as elevated home values or above-average market rents. Instead, the focus is on providing affordable housing options, which aligns with the characteristics of a value pocket where affordability is paramount.
Note that the high renter share without corresponding high market rents or home values is a common feature of areas that attract Section 8 tenants. This characteristic makes 14783 a promising location for landlords who wish to participate in the Housing Choice Voucher program, as they can anticipate a consistent demand from eligible low-income families.
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.