Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,210 |
| 1 Bedroom | $3,380 |
| 2 Bedrooms | $3,680 |
| 3 Bedrooms | $4,660 |
| 4 Bedrooms | $5,100 |
| 5 Bedrooms | $5,916 |
| 6 Bedrooms | $6,626 |
| 7 Bedrooms | $7,156 |
| 8 Bedrooms | $7,514 |
$3450 is the Fair Market Rent (FMR) for ZIP 10008 in New York for FY 2024, reflecting the upper limit for Section 8 housing assistance.
$35,008 is the median household income in ZIP 10008, showing a significant increase over the past five years.
$123,088 is the median home value in this ZIP code, indicating a strong appreciation in property values.
$972 is the median rent in ZIP 10008, which has also seen substantial growth over the last five years.
The overall livability score for ZIP 10008 is 75 out of 100, suggesting a good quality of life despite certain challenges.
The safety score of 45/100 implies higher crime rates, necessitating additional security measures for landlords and investors.
The cost of living index in ZIP 10008 is 59, significantly lower than the national average, which can be advantageous for both tenants and landlords.
The employment rate in the area stands at 94.6%, with a diverse range of industries such as healthcare, professional services, and retail trade providing stable job opportunities.
Based on the data, ZIP 10008 offers a viable opportunity for Section 8 landlords and investors due to its relatively low cost of living and strong employment base, despite the higher crime rates.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.