Location: Steuben County, NY | Metro: Steuben County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
In ZIP code 14819, the economics of Section 8 housing are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment is set at $1,620 per month for fiscal year 2026. This is the maximum amount that the Housing Choice Voucher program will pay for a two-bedroom rental unit in this specific ZIP code. However, the local market rent for a similar unit is reported to be $1,317, based on recent Census ACS data.
The actual reimbursement a landlord receives from a Section 8 voucher is calculated as follows:
To illustrate, if a tenant's adjusted income is such that they contribute $400 towards rent, the government would cover the remaining amount up to the SAFMR of $1,620. This means the total reimbursement could potentially reach the full $1,620, depending on the tenant's contribution and any applicable utility allowances.
Given that the local market rent is below the SAFMR, landlords in ZIP 14819 might find themselves in a situation where the voucher reimbursement exceeds the typical market rent. In this case, the typical reimbursement gap or surplus would be a positive figure, indicating that landlords could receive more than the average market rent for a two-bedroom unit. Specifically, if the market rent is $1,317 and the voucher pays up to $1,620, the surplus for landlords participating in the Section 8 program would be approximately $303 per month.
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.