FY2027 Small Area FMR · Buffalo, NY
ZIP 14202 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 14202 (Buffalo, NY) is $1,500 a month, up 9.5% from FY2026. That is 5% above the Buffalo-Cheektowaga, NY area-wide FMR of $1,423.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 14202 sits in the Buffalo-Cheektowaga, NY area
Of the 114 ZIP codes HUD lists for the area, 14202 has the 24th highest two-bedroom Small Area FMR. Buffalo-Cheektowaga, NY is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,350 and $1,650 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,240 | $1,116 – $1,364 | $1,178 | $1,130 |
| 1 bedroom | $1,270 | $1,143 – $1,397 | $1,203 | $1,160 |
| 2 bedrooms | $1,500 | $1,350 – $1,650 | $1,423 | $1,370 |
| 3 bedrooms | $1,830 | $1,647 – $2,013 | $1,732 | $1,670 |
| 4 bedrooms | $2,080 | $1,872 – $2,288 | $1,977 | $1,910 |
A household renting a two-bedroom home at the Small Area FMR of $1,500 needs about $60,000 a year to keep housing costs at 30% of income. The area median family income is $101,500 and the 80% low-income limit for four people is $81,200. ZIP code 14202 lies mainly in Erie County. See the Buffalo-Cheektowaga, NY metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 14202?
HUD's FY2027 Small Area Fair Market Rents for 14202 are $1,240 (studio), $1,270 (1 BR), $1,500 (2 BR), $1,830 (3 BR) and $2,080 (4 BR) a month.
What is the Section 8 payment standard in 14202?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 14202 that range is $1,350 to $1,650 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 14202?
The FY2026 income limits of the Buffalo-Cheektowaga, NY area apply: median family income $101,500, low-income (80%) limit $81,200 for a family of four.