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 |
The ZIP code 10133 in Unknown, NY, presents a dynamic rental market with a Federal Market Rent (FMR) of $3450 for the fiscal year 2024. This figure suggests a robust rental environment, especially considering that the market rent is currently unavailable, which could imply that the FMR is closely aligned with the actual rents being charged.
The lack of data on the percentage of price cuts and days on market (DOM) indicates a potential scarcity of recent listings or transactions. This absence of information, combined with the high FMR, can be interpreted as a market where demand might be outpacing supply. Landlords and small-portfolio investors should be prepared for competition among tenants, leading to potentially shorter vacancy periods and higher occupancy rates.
With the median home value also marked as N/A, it's challenging to gauge the overall property values within this ZIP code. However, the high FMR can be an indicator of strong economic activity or high desirability, which often correlates with higher home values.
The N/A% renter share, while missing a precise number, points to significant long-term housing pressure. In markets with a high proportion of renters, there is typically an ongoing challenge to find affordable housing options, which can drive up both rental and home prices over time. The presence of Section 8 in such a setting further underscores the need for subsidized housing, reflecting a community with diverse income levels and housing needs.
In conclusion, ZIP 10133 appears to be a market characterized by strong demand, particularly for rental properties, as evidenced by the high FMR. The limited availability of certain metrics suggests a potentially tight market with fewer listings, which benefits landlords looking to maintain or increase their rental incomes. The high demand for rental housing also implies a long-term trend towards housing pressure, making Section 8 an integral part of the local housing landscape.
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.