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Niagara County/Ransomville/14131

14131

ZIPSAFMR
Niagara County, NY
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$980$980
1 BR$1,000$1,000
2 BR$1,180$1,180
3 BR$1,440$1,440
4 BR$1,640$1,640
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMRUsed$1,180
Market rentN/A
Est. payment standardN/A
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

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
--
Mortgage rate
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ZIP 14131 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14131 (Ransomville, NY) is $1,180 a month. That is up 0.9% from $1,170 in FY 2026. Ransomville 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, 14131 is tied for the 19th-highest two-bedroom rent (county range $1,010–$2,130). The median county two-bedroom FMR in New York is $1,385, so ZIP 14131 is 15% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 14131
BedroomsFY 2027Change90–110% range
Studio$980+2.1%$882–$1,078
1BR$1,000+1.0%$900–$1,100
2BR$1,180+0.9%$1,062–$1,298
3BR$1,440+0.7%$1,296–$1,584
4BR$1,640+0.6%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 14131
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$1,000$1,180$1,440$1,640
FY 2026$960$990$1,170$1,430$1,630
FY 2025$960$1,000$1,170$1,440$1,620
FY 2024$1,060$1,110$1,300$1,590$1,790
FY 2023$1,060$1,100$1,300$1,590$1,790

Two-bedroom rent in nearby Niagara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 14131
14095$1,240+5.1%
14098$1,260+6.8%
14103$1,190+0.8%
14105$1,010−14.4%
14107$1,240+5.1%
14108$1,130−4.2%
14109$1,330+12.7%
14120$1,340+13.6%
14126$1,240+5.1%
14131Current$1,180—
14132$1,280+8.5%
14144$1,240+5.1%

Questions about ZIP 14131 rents

How much will Section 8 pay for a two-bedroom in ZIP 14131?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 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 14131 in?

ZIP 14131 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 14131 for FY 2027?

The two-bedroom FMR rose 0.9%, from $1,170 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has fallen 9.2%.

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 rentRansomville, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources