Section 8 Fair Market Rent (FMR) for ZIP 10036 - 2027

Location: New York, NY | Metro: New York, NY HUD Metro FMR Area

Investment Score for ZIP 10036

Monthly Rent (2BR)

$4,180

Median Price (2BR)

$1,439,489

1% Rule

0.29%

Annual Yield

3.48%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$3,650
1 Bedroom	$3,840
2 Bedrooms	$4,180
3 Bedrooms	$5,290
4 Bedrooms	$5,800
5 Bedrooms	$6,728
6 Bedrooms	$7,535
7 Bedrooms	$8,138
8 Bedrooms	$8,545

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$3,840	$909,881	0.42%	F
2BR	$4,180	$1,439,489	0.29%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

31,036

Median Household Income

$95,638

Housing Units

22,746

Renter Percentage

89.5%

Occupancy Rate

83.5%

Renter Occupied

17,003

The ZIP code 10036, located in New York, NY, is a vibrant and sought-after area within the Upper East Side, known for its upscale residential buildings, proximity to Central Park, and excellent public transportation options. This neighborhood attracts a diverse mix of residents, including young professionals, families, and retirees, making it a prime location for real estate investment.

The Fair Market Rent (FMR) for ZIP 10036 in fiscal year 2024 is set at $3790. This figure represents the government's benchmark for affordable housing and can influence the eligibility criteria for Section 8 housing vouchers.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $4,455. This higher figure reflects the competitive rental market and the desirability of the area among private renters.
The median home value in ZIP 10036 is $979,663. This suggests a robust real estate market where property values are strong and likely to appreciate over time.
Renters make up 89.5% of the population in this ZIP code. This high percentage indicates a strong demand for rental properties and a favorable environment for landlords and investors focusing on rentals.
The median income for residents is $95,638. This relatively high income level supports the ability of tenants to afford higher rents, which benefits landlords and investors looking for stable cash flows.

Investors considering the ZIP code 10036 will find a market characterized by strong rental demand and high property values. The significant gap between the Fair Market Rent and the actual market rent suggests opportunities for both Section 8 voucher holders and private renters, creating a diverse tenant pool. Additionally, the high median income supports the potential for steady rental payments and long-term occupancy. While the exact days on market (DOM) data is not available, the overall indicators point towards a healthy and potentially lucrative real estate investment landscape.

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.