| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $3,120 |
| 1 Bedroom | $3,270 |
| 2 Bedrooms | $3,590 |
| 3 Bedrooms | $4,500 |
| 4 Bedrooms | $4,880 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers New York.
FMR Rates (FY 2026):
Studio: $3,120 | 1BR: $3,270 | 2BR: $3,590 | 3BR: $4,500 | 4BR: $4,880
Median Property Prices & 1% Rule Analysis:
Market Overview: The 10020 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 $250-400k range offer gross yields of 7-9% on well-selected properties. Target 2BR units in the $200-300k segment for 8-10% gross yield; 3BR properties in the $350-550k range can achieve 6-8% if rents exceed $3,000/month.
Key Considerations: This is a cash-flow market with moderate appreciation potential (4-6% annually). Screen tenants carefully using credit scores 720+, 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.