Section 8 Fair Market Rent (FMR) for ZIP 10158 - 2027
Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
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 |
To determine if you should invest in ZIP code 10158 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $3450 cover your debt service?
- Yes: Proceed to the next question.
- No: This ZIP code is not financially viable for Section 8 properties given your current financial situation.
- 2) How does the market rent compare to the FMR?
- Above FMR: The market rent exceeds the FMR, indicating that Section 8 tenants may struggle to afford living here. Consider other areas where market rents are closer to the FMR.
- At or Below FMR: Proceed to the next question.
- 3) Is there sufficient tenant demand?
- Yes: If the percentage of renters and days on market (DOM) indicate strong demand, then ZIP 10158 can be a good investment for Section 8 properties.
- No: Weak demand suggests that finding tenants may be challenging. Look for areas with higher rental demand.
- It Depends: If the demand indicators are mixed, further analysis is required. Evaluate local economic conditions, job availability, and competition from other housing options.
Note: Due to incomplete data, specific figures for market rent, percentage of renters, and days on market were not provided. Ensure you gather these details before making a final decision.
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.