Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,280 |
| 1 Bedroom | $2,390 |
| 2 Bedrooms | $2,620 |
| 3 Bedrooms | $3,280 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,390 | $549,490 | 0.43% | F |
| 2BR | $2,620 | $762,932 | 0.34% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 10030 in New York City reveals a competitive rental environment. The HUD Fair Market Rent (FMR) for the area is set at $2,210 per month for fiscal year 2024, while the market rent, as measured by Zillow's ZORI index, stands at $2,658. This indicates that voucher tenants will cashflow at the FMR rate but only marginally, given the current market conditions. To ensure positive cashflow, landlords should consider premium units that can command higher rents.
The median home value in ZIP 10030 is $709,314, which provides a basis for calculating the rent-to-price ratio. At the HUD FMR rate, the monthly rent represents approximately 0.31% of the median home value, indicating a relatively low rent-to-price ratio. This suggests that the area is more suited for rental investments rather than home purchases, as the rental income does not fully justify the high property values.
Regarding the days on market (DOM) and price-cut share, the data shows these metrics as N/A and 0.1%, respectively. While these figures do not provide a direct comparison between renting and buying, they imply that the real estate market in ZIP 10030 is stable, with minimal need for price adjustments. This stability is beneficial for investors, as it reduces the risk of losing potential tenants due to prolonged listing periods.
The strongest angle for investors in ZIP 10030 is likely appreciation. Given the robust real estate market and the high median home value, properties are likely to appreciate over time, providing a solid long-term investment opportunity. However, cashflow remains challenging without premium units, and stability is assured by the low price-cut share.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.