FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR
0.74ratio
FMR$1,170
Market$1,580
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR
0.75ratio
FMR$1,450
Market$1,940
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR
0.73ratio
FMR$1,750
Market$2,390
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.73
4 BR
4 BR
0.74ratio
FMR$1,920
Market$2,580
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.74
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
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ZIP 14638 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14638 (Rochester, NY) is $1,450 a month. That is down 9.9% from $1,610 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, 14638 is tied for the 26th-highest two-bedroom rent (county range $1,420–$2,130). The median county two-bedroom FMR in New York is $1,385, so ZIP 14638 is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 14638
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,030
−9.6%
$927–$1,133
1BR
$1,290
$1,170
−9.3%
$1,053–$1,287
2BR
$1,610
$1,450
−9.9%
$1,305–$1,595
3BR
$1,940
$1,750
−9.8%
$1,575–$1,925
4BR
$2,130
$1,920
−9.9%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 14638
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,170
$1,450
$1,750
$1,920
FY 2026
$1,140
$1,290
$1,610
$1,940
$2,130
FY 2025
$1,050
$1,180
$1,460
$1,760
$1,940
FY 2024
$960
$1,080
$1,340
$1,620
$1,780
FY 2023
$860
$970
$1,210
$1,470
$1,630
Two-bedroom rent in nearby Monroe County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 14638?
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 $1,450 it would be $1,305 to $1,595. 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 14638 in?
ZIP 14638 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 14638 for FY 2027?
The two-bedroom FMR fell 9.9%, from $1,610 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 19.8%.
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