Section 8 Fair Market Rent (FMR) for ZIP 10153 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 10153, located in New York City, is a bustling urban area known for its vibrant community and proximity to key business districts. This region offers landlords and small-portfolio investors a unique opportunity to engage in a robust rental market, supported by federal guidelines and local economic conditions.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 10153 for fiscal year 2024 is set at $3450.
• Market rent data is currently unavailable for this ZIP code, indicating a need for further research into local trends.
• The median home value is also not available, suggesting that the area might be predominantly rental rather than owner-occupied.
• Renter share data is not available, which could imply a significant portion of the population relies on rentals, though exact figures are required for a precise analysis.
• The Days on Market (DOM) figure is not available, making it difficult to assess how quickly properties typically lease in this area.
• Median income data is not available, which would be crucial for understanding the financial capabilities of potential tenants in this ZIP code.

In summary, while there is strong federal backing through the Fair Market Rent figure, the lack of specific local data such as market rent, median home value, renter share, days on market, and median income presents challenges for detailed analysis. Investors should conduct thorough local market research to fill these gaps and make informed decisions about the viability of investing in ZIP 10153.

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.