Section 8 Fair Market Rent (FMR) for ZIP 10111 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 10111, located in New York County, NY, presents a unique set of characteristics that distinguish it from other areas. With a median income of $74,000 and a median home value reaching $1,050,000, this region stands out for its high economic status. However, detailed resident numbers and the exact percentage of renters are currently unavailable, which limits a full demographic analysis.

Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 10111 in fiscal year 2024 is set at $3,450. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher, significantly lower than the average market rent in the area, which is also not fully specified but is known to be much higher based on the median home value.

The voucher economics in 10111 are thus heavily skewed towards making rental properties more affordable for low-income families. Landlords who accept Section 8 vouchers here should expect to receive a fixed payment of $3,450 per month, regardless of the property's actual market value, which could exceed this amount.

Given the limited data available on the exact number of residents and the precise percentage of renters, the overall data signature for ZIP 10111 reads as transitional. High median incomes and home values suggest a trend towards affluence, but the lack of comprehensive rental data indicates an evolving landscape where further analysis would be beneficial for landlords and investors.

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.