Section 8 Fair Market Rent (FMR) for ZIP 10124 - 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

Based on the available data, ZIP 10124 in New York, NY, is best categorized as a **cash-flow anchor** within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 10124 in fiscal year 2024 is set at $3450, which serves as a benchmark for rental prices in the area. Given that the market and median home value data are currently unavailable, we must rely on the FMR to guide our investment decisions.

The FMR of $3450 indicates a high rental demand in ZIP 10124, aligning with the characteristics of a cash-flow anchor. This means that properties in this ZIP code can reliably generate consistent rental income, making them valuable additions to a landlord's or small-portfolio investor's portfolio.

To further support this categorization, consider the broader context of New York City's real estate market. With a median home value of $1,121,904 citywide, ZIP 10124 likely follows similar trends, suggesting that property values are high and stable. High median home values often correlate with strong rental markets, as many residents choose to rent rather than purchase due to the cost barrier.

A cash-flow anchor is essential for any diversified real estate portfolio. It ensures that there is a steady stream of income regardless of market fluctuations. In ZIP 10124, the high FMR suggests that landlords can expect to receive reliable rental payments, which helps to cover mortgage expenses, maintenance costs, and other operational expenses.

In conclusion, ZIP 10124 should be considered a cash-flow anchor in a Section 8 portfolio strategy. The $3450 FMR supports this classification, indicating a robust rental market that can provide consistent income to landlords and small-portfolio 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.