Location: Allegany County, NY | Metro: Allegany County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
The ZIP code 14786, located in Allegany County, New York, presents unique challenges and opportunities for landlords and small-portfolio investors due to the limited availability of demographic data. Specifically, the number of residents, the percentage of renters, the median income, and the median home value are not available, which makes it difficult to paint a comprehensive picture of the area's economic conditions.
However, when it comes to Section 8 vouchers, the data provides a clearer insight into the financial landscape. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure is crucial for understanding the rental subsidy amounts that tenants with vouchers can bring to the table. Without specific market rent data for ZIP 14786, it's challenging to directly compare the FMR to local rental rates, but this figure serves as a benchmark for potential rental income.
In terms of the overall data signature, the lack of detailed information suggests a transitional environment where landlords might need to be particularly attentive to local trends and changes. While the absence of key demographic figures could indicate an area that is less studied or documented, it also means that there might be untapped potential for those willing to engage deeply with the community and understand the local real estate dynamics firsthand.
To conclude, while ZIP 14786 offers some advantages through its Section 8 FMR, the scarcity of other economic indicators points towards a transitional setting. Landlords and investors should proceed with caution, gathering as much localized intelligence as possible before making significant investment decisions.
Data Sources: FMR data from HUD (2027).
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.