Location: Steuben County, NY | Metro: Schuyler 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 | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $309,345 | 0.34% | F |
| 3BR | $1,360 | $303,880 | 0.45% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 14815 in Bradford, NY, hinges on the balance between yield and stability. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,010, which is notably higher than the market rate of $950. This suggests that rental properties could command higher rents compared to typical market rates, thereby offering a potential for above-average returns. The median home value of $269,905 provides a benchmark for investment costs, indicating that properties in this area are relatively affordable.
Turning to stability, the ZIP code exhibits mixed indicators. With only 18.4% of residents being renters, the market shows a preference for homeownership, which can be seen as a stabilizing factor as it implies a lower turnover rate among tenants. However, the lack of data on the average days on market (DOM) for rentals introduces an element of uncertainty regarding how quickly properties can be leased. Additionally, the median household income of $56,875 provides insight into the financial capacity of potential tenants, suggesting that while there is demand for rentals, it may be limited by the local economic conditions.
Based on these figures, ZIP 14815 appears to be positioned as a steady-cashflow zone rather than a high-yield/low-stability market. The higher FMR compared to the market rate supports a modest yield advantage, but the low percentage of renters and moderate income levels point towards a stable environment where quick flips might not be as advantageous. Landlords and small-portfolio investors should expect consistent cash flow from their investments in this area, with less emphasis on rapid appreciation or short-term gains.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.