Section 8 Fair Market Rent (FMR) for ZIP 10104 - 2027

FY 2027 Fair Market Rent Rates

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

The search results did not yield specific market rate data for ZIP 10104. However, given the context of New York City, it's reasonable to assume that the market rate for rentals is likely to be higher than the voucher payment standard of $3450 per month for a two-bedroom unit in ZIP 10104.

In ZIP 10104, the affordability gap is significant due to the high cost of living in New York City. Households with an unknown median income will struggle to meet the market rate without financial assistance. Vouchers, which pay up to $3450 per month, can help bridge this gap but may not cover the full cost of a typical rental in the area.

The percentage of renters and the total population in ZIP 10104 are not specified, but in densely populated urban areas like New York City, the competition for rental properties is fierce. Landlords must consider both voucher and cash-paying tenants to remain competitive.

The takeaway for landlords considering voucher versus cash-pay strategies is that while cash-paying tenants may offer higher rents, accepting vouchers can ensure a steady stream of tenants. Landlords should weigh the benefits of guaranteed occupancy against the potential for higher monthly income from non-voucher tenants.

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.