What is the Fair Market Rent in Buffalo, NY?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,200 to $1,970 a month across the 8 ZIP codes that cover Buffalo.

By ZIP code: 14201 $1,450, 14202 $1,500, 14203 $1,970, 14204 $1,200, 14205 $1,460, 14208 $1,300, 14209 $1,450, 14213 $1,420.

Across the whole Buffalo-Cheektowaga, NY MSA the two-bedroom figure is $1,423.

The Census Bureau’s median gross rent for a two-bedroom home in Buffalo is $1,016 (±$36), below the Small Area figure for ZIP 14201.

Figures last updated on .

2 bedrooms, whole area
$1,423
2 bedrooms, ZIP 14201
$1,450
2 bedrooms, ZIP 14202
$1,500
2 bedrooms, ZIP 14203
$1,970

Fair Market Rents for Buffalo, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Buffalo-Cheektowaga, NY MSA (whole area)$1,178$1,203$1,423$1,732$1,977—
ZIP 14201$1,200$1,230$1,450$1,760$2,020$1,053
ZIP 14202$1,240$1,270$1,500$1,830$2,080$803
ZIP 14203$1,630$1,670$1,970$2,400$2,740$1,331
ZIP 14204$990$1,010$1,200$1,460$1,670$851
ZIP 14205$1,210$1,230$1,460$1,780$2,030—
ZIP 14208$1,080$1,100$1,300$1,580$1,810$967
ZIP 14209$1,200$1,230$1,450$1,760$2,020$1,141
ZIP 14213$1,180$1,200$1,420$1,730$1,970$1,100

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Buffalo

What is the Section 8 payment standard in Buffalo?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Buffalo-Cheektowaga, NY MSA is $1,423, and the Small Area figure for 14201 is $1,450.

What is the Fair Market Rent for a two-bedroom in ZIP 14201?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14201 is $1,450 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,053 (±$65).

What is the Fair Market Rent for a two-bedroom in ZIP 14202?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14202 is $1,500 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $803 (±$116).

What is the Fair Market Rent for a two-bedroom in ZIP 14203?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14203 is $1,970 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,331 (±$129).

What is the Fair Market Rent for a one-bedroom in Buffalo?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 14201 is $1,230 a month, against $1,203 across the Buffalo-Cheektowaga, NY MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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