14110

ZIPSAFMR

Erie County, NY

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,210	$1,210	7.6%
1 BR	$1,230	$1,200	6.8%
2 BR	$1,460	$1,610	7.1%
3 BR	$1,780	$1,960	6.8%
4 BR	$2,030	$2,230	7.4%
5 BR	$2,335	Not available	7.4%
6 BR	$2,685	Not available	7.4%
7 BR	$3,087	Not available	7.4%
8 BR	$3,550	Not available	7.4%

Purchase Price Calculator

Maximum purchase price

$177,329

Cost breakdown

+Likely effective rent$1,610

HUD FMR$1,460

Market rent$1,880

Est. payment standard (110%)Used$1,610

-Principal and interest-$897

Loan amount$141,863

Down payment$35,466

Rate6.50%

Term30 years

-Operating costs-$513

Property taxes-$177

Insurance-$175

Utilities$0

HOA$0

Management-$161

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$25,918(73.1% ROI)

Projected value

$190,964

Return breakdown

Property appreciation+$13,635

Loan principal paid down+$5,083

Rental cash flow+$7,200

5-year hold

+$44,366(125.1% ROI)

Projected value

$200,631

Return breakdown

Property appreciation+$23,302

Loan principal paid down+$9,064

Rental cash flow+$12,000

10-year hold

+$95,264(268.6% ROI)

Projected value

$226,996

Return breakdown

Property appreciation+$49,667

Loan principal paid down+$21,597

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.00ratio

FMR$1,210

Market$1,210

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

1 BR

1.02ratio

FMR$1,230

Market$1,200

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.02

2 BR

0.78ratio

FMR$1,460

Market$1,880

vs market-$420

FMR is below market; voucher rent may lag private rents.

0.78

3 BR

0.75ratio

FMR$1,780

Market$2,360

vs market-$580

FMR is below market; voucher rent may lag private rents.

0.75

4 BR

0.83ratio

FMR$2,030

Market$2,440

vs market-$410

FMR is below market; voucher rent may lag private rents.

0.83

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 14110 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14110 (North Boston, NY) is $1,460 a month. That is up 5.8% from $1,380 in FY 2026. North Boston 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 89 ZIP codes in Erie County, 14110 is tied for the 24th-highest two-bedroom rent (county range $1,010–$2,130). The median county two-bedroom FMR in New York is $1,385, so ZIP 14110 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 14110
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,140	$1,210	+6.1%	$1,089–$1,331
1BR	$1,170	$1,230	+5.1%	$1,107–$1,353
2BR	$1,380	$1,460	+5.8%	$1,314–$1,606
3BR	$1,690	$1,780	+5.3%	$1,602–$1,958
4BR	$1,920	$2,030	+5.7%	$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 14110
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,210	$1,230	$1,460	$1,780	$2,030
FY 2026	$1,140	$1,170	$1,380	$1,690	$1,920
FY 2025	$1,000	$1,030	$1,210	$1,480	$1,670
FY 2024	$970	$1,010	$1,190	$1,460	$1,640
FY 2023	$890	$930	$1,090	$1,340	$1,500

Two-bedroom rent in nearby Erie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 14110
14081	$1,220	−16.4%
14085	$1,750	+19.9%
14086	$1,400	−4.1%
14091	$2,130	+45.9%
14102	$1,380	−5.5%
14110Current	$1,460	—
14111	$1,230	−15.8%
14112	$1,460	0.0%
14127	$1,610	+10.3%
14129	$1,170	−19.9%
14134	$1,050	−28.1%
14139	$1,090	−25.3%

Questions about ZIP 14110 rents

How much will Section 8 pay for a two-bedroom in ZIP 14110?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 14110 in?

ZIP 14110 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 14110 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,380 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 33.9%.

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

County fair market rent North Boston, NY fair market rent NY statewide rents What is SAFMR?Data sources