FY2027 Small Area FMR · Celoron, NY

ZIP 14720 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 14720 (Celoron, NY) is $1,110 a month, up 2.8% from FY2026. That is 9% above the Chautauqua County, NY area-wide FMR of $1,014.

2-bedroom SAFMR$1,110per month ▲ 2.8%

Area-wide 2 BR FMR$1,014Chautauqua County, NY

Rank in the area12thof 40 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$999

2 BR Small Area FMR$1,110

110% of SAFMR$1,221

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$770▲ 2.7%

1 BR$860▲ 3.6%

2 BR$1,110▲ 2.8%

3 BR$1,460▲ 2.1%

4 BR$1,520▲ 6.3%

FY2027 FY2026

Where 14720 sits in the Chautauqua County, NY area

Of the 40 ZIP codes HUD lists for the area, 14720 has the 12th highest two-bedroom Small Area FMR. Chautauqua County, NY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,110 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$770	$693 – $847	$706	$750
1 bedroom	$860	$774 – $946	$786	$830
2 bedrooms	$1,110	$999 – $1,221	$1,014	$1,080
3 bedrooms	$1,460	$1,314 – $1,606	$1,338	$1,430
4 bedrooms	$1,520	$1,368 – $1,672	$1,393	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,110 needs about $44,400 a year to keep housing costs at 30% of income. The area median family income is $78,900 and the 80% low-income limit for four people is $71,900. ZIP code 14720 lies mainly in Chautauqua County. See the Chautauqua County, NY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
14742	Greenhurst	1.5 mi	$1,010
14701	Jamestown	2.3 mi	$1,010
14750	Lakewood	3.2 mi	$1,430
14733	Falconer	6.6 mi	$1,010
14712	Bemus Point	6.6 mi	$1,010
14710	Ashville	7.2 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 14720?

HUD's FY2027 Small Area Fair Market Rents for 14720 are $770 (studio), $860 (1 BR), $1,110 (2 BR), $1,460 (3 BR) and $1,520 (4 BR) a month.

What is the Section 8 payment standard in 14720?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 14720 that range is $999 to $1,221 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 14720?

The FY2026 income limits of the Chautauqua County, NY area apply: median family income $78,900, low-income (80%) limit $71,900 for a family of four.