FY2027 Small Area FMR · Ceres, NY

ZIP 14721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 14721 (Ceres, NY) is $1,020 a month, up 4.1% from FY2026. That is 1% above the Allegany County, NY area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 4.1%

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

Rank in the area22ndof 39 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$760▲ 1.3%

1 BR$790▲ 3.9%

2 BR$1,020▲ 4.1%

3 BR$1,260▲ 2.4%

4 BR$1,510▲ 5.6%

FY2027 FY2026

Where 14721 sits in the Allegany County, NY area

Of the 39 ZIP codes HUD lists for the area, 14721 has the 22nd highest two-bedroom Small Area FMR. Allegany 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 $1,020 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	$760	$684 – $836	$770	$750
1 bedroom	$790	$711 – $869	$775	$760
2 bedrooms	$1,020	$918 – $1,122	$1,014	$980
3 bedrooms	$1,260	$1,134 – $1,386	$1,254	$1,230
4 bedrooms	$1,510	$1,359 – $1,661	$1,604	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $86,700 and the 80% low-income limit for four people is $71,900. ZIP code 14721 lies mainly in Allegany County. See the Allegany County, NY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
14770	Portville	2.4 mi	$1,020
14754	Little Genesee	3.4 mi	$1,010
14788	Westons Mills	6.7 mi	$1,040
16731	Eldred	7.3 mi	$1,010
14715	Bolivar	7.6 mi	$1,030
16748	Shinglehouse	7.8 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 14721?

HUD's FY2027 Small Area Fair Market Rents for 14721 are $760 (studio), $790 (1 BR), $1,020 (2 BR), $1,260 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 14721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 14721 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 14721?

The FY2026 income limits of the Allegany County, NY area apply: median family income $86,700, low-income (80%) limit $71,900 for a family of four.