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 |
3450 is the Fair Market Rent (FMR) for ZIP 10103 as of fiscal year 2024, indicating the maximum amount a voucher holder can pay for rent and utilities.
N/A is the market rent for ZIP 10103, suggesting that specific rental price data is currently unavailable or not applicable for this area.
N/A is also the median home value for ZIP 10103, which means there isn't enough data to determine the typical selling price of homes in this region.
N/A% represents the renter share, showing that the percentage of residents who rent their homes rather than own them is not specified in the provided data.
N/A is the median income for ZIP 10103, indicating that the typical household income in this area is not detailed in the available data.
N/A-day is the Days on Market (DOM) for ZIP 10103, meaning that the average time it takes for a home to be listed and go to pending is not specified in the given data.
N/A% is the price-cut share for ZIP 10103, implying that the percentage of homes that have had their prices reduced during the listing period is not available.
In conclusion, for ZIP 10103, the only concrete figure available is the $3450 FMR for fiscal year 2024, which is essential for Section 8 landlords and investors. However, the lack of other specific metrics such as market rent, median home value, and median income makes it challenging to provide a comprehensive assessment. Given the limited data, landlords should focus on the FMR to ensure compliance with Section 8 guidelines.
Section 8 Verdict: Focus on the $3450 FMR while waiting for more detailed local real estate data.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.