Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,210 |
| 1 Bedroom | $3,380 |
| 2 Bedrooms | $3,680 |
| 3 Bedrooms | $4,660 |
| 4 Bedrooms | $5,100 |
| 5 Bedrooms | $5,916 |
| 6 Bedrooms | $6,626 |
| 7 Bedrooms | $7,156 |
| 8 Bedrooms | $7,514 |
ZIP code 10081 falls within the New York, NY HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $3450. This figure is crucial for landlords and small-portfolio investors as it defines the rent limits for housing assistance programs under Section 8.
To contextualize 10081's FMR, let's compare it to other ZIP codes within the New York, NY HUD Metro FMR Area. The typical FMR for ZIP codes in this area is higher, reflecting the overall expensive nature of New York City's rental market. However, the absence of specific market rent and home value data for 10081 makes it challenging to definitively categorize it as a value pocket, mid-tier neighborhood, or premium sub-market.
The lack of data on market rent and home values suggests that 10081 might be an outlier. In many cases, ZIP codes with lower FMRs compared to their metropolitan averages can be considered value pockets, especially if they have a high percentage of renters. The unknown percentage of renters in 10081 could indicate a potential sweet spot for Section 8 properties if the renter share is indeed high, as this would mean a larger pool of potential tenants eligible for housing assistance.
Given the specific FMR of $3450, landlords in 10081 should ensure that their rental units comply with this limit to qualify for Section 8 vouchers. This could make 10081 an attractive option for investors looking to enter the affordable housing sector without facing the extremely high rents seen in other parts of New York City.
In summary, while we cannot conclusively determine the exact status of 10081 within the broader New York, NY HUD Metro FMR Area due to missing data points, its relatively lower FMR suggests potential as a value pocket for Section 8 investments. Further research into market rent and home values would provide additional clarity on its classification.
Data Sources: FMR data from HUD (2027).
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.