Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 14107 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14107 (Model City, NY) is $1,240 a month. That is up 5.1% from $1,180 in FY 2026. Model City is in the Buffalo-Cheektowaga, NY MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 27 ZIP codes in Niagara County, 14107 is tied for the 12th-highest two-bedroom rent (county range $1,010–$2,130). The median county two-bedroom FMR in New York is $1,385, so ZIP 14107 is 10% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 14107
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,030
+6.2%
$927–$1,133
1BR
$1,000
$1,050
+5.0%
$945–$1,155
2BR
$1,180
$1,240
+5.1%
$1,116–$1,364
3BR
$1,440
$1,510
+4.9%
$1,359–$1,661
4BR
$1,640
$1,720
+4.9%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 14107
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,050
$1,240
$1,510
$1,720
FY 2026
$970
$1,000
$1,180
$1,440
$1,640
FY 2025
$860
$900
$1,050
$1,290
$1,450
FY 2024
$840
$880
$1,030
$1,260
$1,420
FY 2023
$770
$810
$950
$1,160
$1,310
Two-bedroom rent in nearby Niagara County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 14107?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 14107 in?
ZIP 14107 is in the Buffalo-Cheektowaga, NY MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 14107 for FY 2027?
The two-bedroom FMR rose 5.1%, from $1,180 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 30.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set