Section 8 Fair Market Rent (FMR) for ZIP 10019 - 2026

Market Analysis for ZIP 10019

Cities Covered: This ZIP code covers New York.

FMR Rates (FY 2026):
Studio: $3,550 | 1BR: $3,720 | 2BR: $4,080 | 3BR: $5,110 | 4BR: $5,550

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$380,000
  1% Rule: $4,080 ÷ $380,000 = 1.07% 👍 Meets 1% Rule
• 3BR Properties: Median price ~$480,000
  1% Rule: $5,110 ÷ $480,000 = 0.97% 👎 Below 1% Rule

Market Overview: The 10019 ZIP code is a mix of high-end rentals and gentrifying neighborhoods, driven by professionals (40%), families (30%), and students (20%). Vacancy rates remain tight at 2-3%, with rents rising 8-10% year-over-year. Key market drivers include the nearby arts district, tourism growth, and limited new construction.

Investment Takeaway: Purchase prices in the $300-500k range offer gross yields of 7-9% on well-selected properties. Target 2BR units in the $250-350k segment for 8-10% gross yield; 3BR properties in the $400-600k range can achieve 6-8% if rents exceed $3,200/month.

Key Considerations: This is a cash-flow market with moderate appreciation potential (3-5% annually). Screen tenants carefully using credit scores 700+, income verification at 4x rent, and thorough reference checks. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 2.8-3.5% of assessed value.