Section 8 Fair Market Rent (FMR) for ZIP 14863 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 14863, located in the suburban areas of New York State, offers a unique opportunity for real estate investors looking to enter a less crowded market compared to urban centers. The region is characterized by its quiet neighborhoods and proximity to natural landscapes, making it attractive for those seeking a peaceful living environment.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,150. This figure provides a benchmark for rental pricing in the area.
• Market rent data is currently unavailable for ZIP 14863, which suggests limited recent activity or reporting on rental rates.
• Middleport, the town encompassing ZIP 14863, does not have a recorded median home value, indicating that there might be a lack of comprehensive housing data or a diverse range of property values.
• The percentage of renters in the area is also not available, which means we cannot determine the proportion of residents who prefer renting over owning homes.
• Average days on the market (DOM) for properties is not available, suggesting either a stable real estate market or insufficient data to provide a reliable average.
• Middleport's median household income is not reported, which could imply that the economic profile of the area is not well-documented or is undergoing changes that make it difficult to establish a median figure.

Despite the lack of detailed market rent and other specific metrics, the Fair Market Rent figure of $1,150 for a two-bedroom apartment indicates a moderate rental price point that aligns with the suburban character of the area. Investors should focus on acquiring properties below this rent threshold to maximize profitability. However, the absence of certain key data points such as median home value and renter share makes it challenging to fully assess the market potential and dynamics. Therefore, due diligence through local real estate agents and community surveys will be crucial for informed 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.