Section 8 Fair Market Rent (FMR) for ZIP 14878 - 2027

Location: Yates County, NY | Metro: Schuyler County, NY

Investment Score for ZIP 14878

Monthly Rent (2BR)

$1,100

Median Price (2BR)

$245,369

1% Rule

0.45%

Annual Yield

5.38%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$840
2 Bedrooms	$1,100
3 Bedrooms	$1,380
4 Bedrooms	$1,660
5 Bedrooms	$1,926
6 Bedrooms	$2,157
7 Bedrooms	$2,330
8 Bedrooms	$2,447

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,100	$245,369	0.45%	F
3BR	$1,380	$320,331	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

602

Median Household Income

$N/A

Housing Units

431

Renter Percentage

4.3%

Occupancy Rate

54.5%

Renter Occupied

The ZIP code 14878, encompassing the rural town of Rock Stream, NY, is characterized by its serene landscapes and close-knit community. This area offers a unique opportunity for investors looking to venture into a less competitive market, where rental properties can serve a niche segment of residents.

Fair Market Rent: The Fair Market Rent (FMR) for ZIP 14878 is set at $1020 for the fiscal year 2024, providing a benchmark for rental pricing in the area.
Rental Market: There is currently no specific data on market rents, which suggests that the rental market is either underdeveloped or not well-documented.
Median Home Value: The median home value in Rock Stream is $289,239, indicating that the housing market is relatively stable and affordable compared to urban centers.
Renter Share: Only 4.3% of the population are renters, reflecting a predominantly owner-occupied community and potentially limiting the pool of potential tenants.
Days on Market (DOM): Data on the average days a property is on the market is not available, making it challenging to gauge how quickly homes sell or rent.
Median Income: The median income figure is also not available, which means we lack critical information about the economic status of the residents.

Investors should consider the limited rental market and the low percentage of renters when evaluating opportunities in Rock Stream. While the Fair Market Rent provides a clear guideline for pricing, the absence of data on market rents and median income makes it difficult to predict demand and affordability accurately. However, the relatively low median home value and the quiet, rural setting could attract buyers seeking affordable housing options, though this would not directly benefit those focused on rental yields. For those willing to invest in a tranquil environment with long-term stability, Rock Stream might offer a niche investment opportunity.

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.