Section 8 Fair Market Rent (FMR) for ZIP 10105 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 10105 in New York County stands out due to limited available data regarding its residents, rental percentages, median income, and median home values. Despite these gaps, the area's Fair Market Rent (FMR) for Section 8 vouchers is clearly defined at $3450 for fiscal year 2024.

While specific market rent figures are not provided for ZIP 10105, it is important to understand that the FMR is set by the U.S. Department of Housing and Urban Development (HUD) and represents the maximum payment standard for housing assistance. In comparison to typical market rents, which are unspecified here, the FMR serves as a benchmark for landlords and small-portfolio investors to determine their potential rental income.

The voucher economics in ZIP 10105 favor landlords who can offer units within or slightly above the FMR. For instance, a landlord with a unit priced at $3600 would still be attractive to tenants with vouchers, as the additional amount would come from the tenant directly. This ensures a steady stream of rental income, albeit with some administrative overhead associated with accepting Section 8 vouchers.

Given the lack of detailed demographic data, it is difficult to definitively classify the ZIP code as either stable or transitional. However, the presence of a defined FMR suggests that there is an ongoing need for affordable housing in the area, indicating a level of demand that is likely stable. Landlords should continue to monitor local housing trends and any updates to the FMR to make informed decisions about their rental properties.

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.