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 |
3450 is the Fair Market Rent (FMR) for ZIP code 10167 for fiscal year 2024. This figure represents the average rent for a two-bedroom apartment in the area. Given the lack of specific market rent data, it is prudent to rely on the FMR as a benchmark for rental pricing. The absence of precise median home values suggests significant variability in property types and sizes within the ZIP code, making it essential for investors to conduct thorough due diligence on individual properties. With the renter share and median income also unspecified, landlords should consider the diverse demographic makeup of the area, which can be inferred from the broad range of ancestries listed on ZipAtlas, including Asian, African American, and Hispanic or Latino communities. The days on market (DOM) and price-cut share percentages being N/A indicate that the real estate market in 10167 is dynamic, with properties selling quickly or undergoing negotiations. For landlords and small-portfolio investors, focusing on properties that align with the FMR while considering the local demographic trends will likely yield optimal returns. Verdict: Invest cautiously, leveraging the FMR as a key metric.
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.