Section 8 Fair Market Rent (FMR) for ZIP 14810 - 2027

Location: Steuben County, NY | Metro: Steuben County, NY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$800
2 Bedrooms	$1,010
3 Bedrooms	$1,350
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

11,534

Median Household Income

$51,950

Housing Units

6,038

Renter Percentage

27.5%

Occupancy Rate

90.2%

Renter Occupied

1,498

Housing Authorities Serving ZIP 14810

Hornell Housing Authority (Hornell, NY) - 284 Section 8 vouchers

Bath, NY, located in ZIP code 14810, is a small village situated in the heart of Steuben County. Known for its quiet charm and close-knit community, Bath offers a unique blend of rural living and access to basic amenities. This analysis delves into key metrics that are crucial for landlords and small-portfolio investors considering investment opportunities in this area.

The Fair Market Rent (FMR) for Bath, NY, for fiscal year 2026 is set at $970.
The average market rent based on Census ACS data is $732, indicating a gap between the actual rental rates and the FMR.
The median home value in Bath is $159,220, reflecting a modest housing market.
Renters make up 27.5% of the population, suggesting a moderate demand for rental properties.
The median household income is $51,950, which is below the national average, influencing the affordability of housing.
The Days on Market (DOM) data is currently N/A, making it difficult to assess how quickly properties are sold.

In summary, Bath, NY, presents a balanced opportunity for investors with its defined fair market rent and a realistic market rent rate. The modest median home value makes property acquisition relatively affordable, but the lower median income implies a need for pricing rental units within reach of local residents. With a significant portion of the population renting, there is a clear demand for rental properties, though the lack of DOM data suggests further investigation into the local real estate market dynamics is necessary before making investment decisions.

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.