Location: Cattaraugus County, NY | Metro: Cattaraugus County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 14788, located in Cattaraugus County, NY metro, reveals critical insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, as of fiscal year 2026, is set at $1,040. This figure is crucial for understanding the rental landscape and the potential for cash flow when leasing properties to voucher tenants.
Unfortunately, specific market rent data for ZIP 14788 is currently unavailable, making direct comparisons challenging. However, based on the HUD FMR, voucher tenants in this region would likely cashflow at the FMR rate. This means that landlords can expect to cover their expenses, including mortgage payments, property taxes, insurance, and maintenance, without significant financial strain.
The median home value in ZIP 14788 is also not available, which complicates deriving an exact rent-to-price ratio. Nonetheless, the absence of such data suggests a potentially stable housing market, where the focus for investors should be on rental income rather than speculative home value appreciation.
Further, the lack of information regarding the median days on market (DOM) and the percentage of homes that experience price cuts indicates that the primary dynamics influencing investment decisions are rental-based. This underscores the importance of understanding local rental trends and the reliability of the FMR as a benchmark for setting rental rates.
The strongest investor angle in ZIP 14788 is stability. Given the reliable cash flow from voucher tenants at the FMR rate and the lack of significant fluctuations in the housing market, investors can confidently expect steady returns without the volatility often seen in more dynamic markets. Stability provides a solid foundation for long-term investment strategies, ensuring consistent cash flow and minimizing risks associated with market downturns.
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.