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Erie County/Buffalo/14276

14276

ZIPFMR
Erie County, NY
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,178$1,200
1 BR$1,203$1,200
2 BR$1,423$1,570
3 BR$1,732$1,910
4 BR$1,977$2,170
5 BR$2,274Not available
6 BR$2,615Not available
7 BR$3,007Not available
8 BR$3,458Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMR$1,423
Market rent$1,880
Est. payment standard (110%)Used$1,570
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.00
2 BR
0.76
3 BR
0.73
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 14276 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 14276 (Buffalo, NY) is $1,423 a month. That is up 6.0% from $1,343 in FY 2026. Buffalo is in the Buffalo-Cheektowaga, NY MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New York is $1,385, so ZIP 14276 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 14276
BedroomsFY 2027Change90–110% range
Studio$1,178+6.6%$1,060–$1,296
1BR$1,203+5.6%$1,083–$1,323
2BR$1,423+6.0%$1,281–$1,565
3BR$1,732+5.6%$1,559–$1,905
4BR$1,977+5.8%$1,779–$2,175

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 14276
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,178$1,203$1,423$1,732$1,977
FY 2026$1,105$1,139$1,343$1,640$1,869
FY 2025$968$1,001$1,176$1,438$1,625
FY 2024$951$992$1,163$1,424$1,604
FY 2023$869$908$1,069$1,309$1,470

Questions about ZIP 14276 rents

How much will Section 8 pay for a two-bedroom in ZIP 14276?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,423, that basic range is $1,281 to $1,565 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 14276 in?

ZIP 14276 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 14276 for FY 2027?

The two-bedroom FMR rose 6.0%, from $1,343 in FY 2026 to $1,423 in FY 2027. Since FY 2023 it has risen 33.1%.

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 Fair Market Rents. 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 rentBuffalo, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources