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 | $3,890 |
| 1 Bedroom | $4,100 |
| 2 Bedrooms | $4,460 |
| 3 Bedrooms | $5,640 |
| 4 Bedrooms | $6,190 |
| 5 Bedrooms | $7,180 |
| 6 Bedrooms | $8,042 |
| 7 Bedrooms | $8,685 |
| 8 Bedrooms | $9,119 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $4,100 | $1,079,674 | 0.38% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 10069, characterized by a median home value of $1,926,062, suggests a robust and stable market for landlords and small-portfolio investors. With only 0.2% of listings experiencing reductions, it's evident that sellers maintain significant pricing power. This low reduction rate indicates that homes are likely to retain their value or even appreciate slightly over the next 12-24 months, assuming no major economic downturns.
The median days on market (DOM) being listed as N/A can be interpreted in two ways: either the data is incomplete, or it reflects an extremely quick sell-through rate, which would further support the notion of strong demand and limited supply. In such a scenario, the equilibrium between buyers and sellers tilts heavily towards sellers, allowing them to set higher prices without fear of prolonged exposure in the market.
On the rental side, the Federal Market Rent (FMR) for ZIP 10069 is projected at $4,130 for fiscal year 2024, whereas the market rent (ZORI) currently stands at $5,398. This gap signals a potential adjustment period where rental prices might inch closer to the FMR, but given the high median home value and strong demand, it's unlikely that rental rates will drop significantly. Instead, they may stabilize or see modest increases, aligning more closely with the FMR.
For long-hold investors, the setup points to a scenario where appreciation is possible but not guaranteed. The high median home value and low listing reduction rate imply a market that is resilient and likely to withstand minor economic fluctuations. However, the rental market dynamics suggest that returns from rentals alone may not fully justify the investment in property values. Investors should focus on the overall cost of ownership, including maintenance and financing costs, alongside potential appreciation and rental income.
In summary, ZIP 10069 presents a favorable environment for those looking to invest in real estate. The data supports the idea of maintaining or slightly increasing property values, with rental income providing steady returns. However, investors must remain vigilant to external factors that could influence the market.
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.