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Monroe County/Rochester/14609

14609

ZIPSAFMR
Monroe County, NY
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,140$1,250
2 BR$1,420$1,540
3 BR$1,710$1,880
4 BR$1,880$2,060
5 BR$2,162Not available
6 BR$2,486Not available
7 BR$2,859Not available
8 BR$3,288Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,420
Market rent$1,610
Est. payment standard (109%)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

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

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.83
2 BR
0.88
3 BR
0.86
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 14609 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14609 (Rochester, NY) is $1,420 a month. That is down 4.1% from $1,480 in FY 2026. Rochester is in the Rochester, NY MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,416. Among 69 ZIP codes in Monroe County, 14609 is tied for the 45th-highest two-bedroom rent (county range $1,420–$2,130). The median county two-bedroom FMR in New York is $1,385, so ZIP 14609 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 14609
BedroomsFY 2027Change90–110% range
Studio$1,010−3.8%$909–$1,111
1BR$1,140−3.4%$1,026–$1,254
2BR$1,420−4.1%$1,278–$1,562
3BR$1,710−3.9%$1,539–$1,881
4BR$1,880−4.1%$1,692–$2,068

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 14609
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,140$1,420$1,710$1,880
FY 2026$1,050$1,180$1,480$1,780$1,960
FY 2025$940$1,050$1,310$1,580$1,740
FY 2024$880$990$1,230$1,490$1,640
FY 2023$790$900$1,120$1,360$1,500

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 14609
14603$1,450+2.1%
14604$1,690+19.0%
14605$1,4200.0%
14606$1,4200.0%
14607$1,610+13.4%
14608$1,4200.0%
14609Current$1,420—
14610$1,510+6.3%
14611$1,4200.0%
14612$1,4200.0%
14613$1,4200.0%
14614$2,130+50.0%

Questions about ZIP 14609 rents

How much will Section 8 pay for a two-bedroom in ZIP 14609?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,416, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,274 to $1,558 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. 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 14609 in?

ZIP 14609 is in the Rochester, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,416.

How much did fair market rent change in ZIP 14609 for FY 2027?

The two-bedroom FMR fell 4.1%, from $1,480 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 26.8%.

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