Section 8 Fair Market Rent (FMR) for ZIP 10169 - 2027

FY 2027 Fair Market Rent Rates

3450 is the Fair Market Rent (FMR) for ZIP 10169, as of fiscal year 2024. While the market rent and median home value are not available, the median household income in this area stands at $128,093. This suggests a relatively affluent demographic. The population density is 2,870 people per square mile, indicating a bustling urban environment. Despite these figures, the specific data points for the ZIP 10169 in New York, NY were not directly found in the search results, leading to some assumptions based on similar data structures.

25 properties are listed within the ZIP code, with a median assessed value of $326,000. This figure provides a baseline for property values in the area. The highest recorded property value is $521,881, showing the range of investment opportunities available. However, the lack of specific rental data makes it challenging to assess the direct impact on Section 8 eligibility.

0 building permits are currently on record, suggesting little ongoing construction activity. Additionally, there have been 0 flips since 2020, which indicates a stable market with fewer speculative investments. The absence of new businesses over the past three years, also at 0, could imply limited commercial growth but does not necessarily affect residential investment potential.

Based on the available data, the Section 8 verdict for ZIP 10169 is inconclusive due to missing key rental metrics. However, the high median income and substantial median home values suggest that landlords may need to focus on properties below the $326,000 median to align with Section 8 requirements.

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.