14112

ZIPSAFMR

Erie County, NY

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,210	$1,290	4.5%
1 BR	$1,230	$1,330	3.5%
2 BR	$1,460	$1,540	3.9%
3 BR	$1,780	$1,620	3.8%
4 BR	$2,030	$1,680	4.1%
5 BR	$2,335	Not available	4.1%
6 BR	$2,685	Not available	4.1%
7 BR	$3,087	Not available	4.1%
8 BR	$3,550	Not available	4.1%

Purchase Price Calculator

Maximum purchase price

$166,927

Cost breakdown

+Likely effective rent$1,540

HUD FMR$1,460

Market rent$1,580

Est. payment standard (105%)Used$1,540

-Principal and interest-$844

Loan amount$133,542

Down payment$33,385

Rate6.50%

Term30 years

-Operating costs-$496

Property taxes-$167

Insurance-$175

Utilities$0

HOA$0

Management-$154

=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

+$24,820(74.3% ROI)

Projected value

$179,762

Return breakdown

Property appreciation+$12,835

Loan principal paid down+$4,784

Rental cash flow+$7,200

5-year hold

+$42,468(127.2% ROI)

Projected value

$188,862

Return breakdown

Property appreciation+$21,936

Loan principal paid down+$8,532

Rental cash flow+$12,000

10-year hold

+$91,084(272.8% ROI)

Projected value

$213,681

Return breakdown

Property appreciation+$46,754

Loan principal paid down+$20,330

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.90ratio

FMR$1,210

Market$1,340

vs market-$130

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

0.90

1 BR

0.89ratio

FMR$1,230

Market$1,380

vs market-$150

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

0.89

2 BR

0.92ratio

FMR$1,460

Market$1,580

vs market-$120

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

0.92

3 BR

1.10ratio

FMR$1,780

Market$1,620

vs market+$160

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

1.10

4 BR

1.21ratio

FMR$2,030

Market$1,680

vs market+$350

FMR is above market; underwrite to market rent.

1.21

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 14112 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14112 (North Evans, NY) is $1,460 a month. That is down 7.6% from $1,580 in FY 2026. North Evans 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, 14112 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 14112 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 14112
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,300	$1,210	−6.9%	$1,089–$1,331
1BR	$1,350	$1,230	−8.9%	$1,107–$1,353
2BR	$1,580	$1,460	−7.6%	$1,314–$1,606
3BR	$1,930	$1,780	−7.8%	$1,602–$1,958
4BR	$2,200	$2,030	−7.7%	$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 14112
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,210	$1,230	$1,460	$1,780	$2,030
FY 2026	$1,300	$1,350	$1,580	$1,930	$2,200
FY 2025	$1,100	$1,130	$1,330	$1,630	$1,850
FY 2024	$1,060	$1,110	$1,300	$1,590	$1,800
FY 2023	$950	$1,000	$1,180	$1,450	$1,620

Two-bedroom rent in nearby Erie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 14112
14085	$1,750	+19.9%
14086	$1,400	−4.1%
14091	$2,130	+45.9%
14102	$1,380	−5.5%
14110	$1,460	0.0%
14111	$1,230	−15.8%
14112Current	$1,460	—
14127	$1,610	+10.3%
14129	$1,170	−19.9%
14134	$1,050	−28.1%
14139	$1,090	−25.3%
14140	$1,460	0.0%

Questions about ZIP 14112 rents

How much will Section 8 pay for a two-bedroom in ZIP 14112?

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 14112 in?

ZIP 14112 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 14112 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,580 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 23.7%.

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 Evans, NY fair market rent NY statewide rents What is SAFMR?Data sources