Section 8 Fair Market Rent (FMR) for ZIP 10176 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 10176 falls within the broader New York, NY HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 10176 is set at $3450 for fiscal year 2024. This figure is a key benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine payment standards for the Section 8 housing choice voucher program.

To contextualize 10176's position within the New York, NY HUD Metro FMR Area, we must consider the available data points. The FMR of $3450 is a critical piece of information, but the lack of market rent and home value data means we cannot directly compare these metrics to other ZIP codes within the same area. However, the absence of specific market rent and home value figures suggests that 10176 might not be a well-documented area for real estate analysis, which could imply it is either a niche market or less developed compared to other parts of the city.

The unknown percentage of renters also limits our ability to make precise inferences about the composition of the housing market in 10176. Typically, a higher renter share combined with below-average home values can indicate a prime location for Section 8 vouchers, as it suggests an affordability gap that the program aims to fill. However, without the specific renter share percentage, we cannot confirm if 10176 fits this description.

Given the limited data, we can infer that 10176 is likely a value pocket within the New York, NY HUD Metro FMR Area. Its relatively low FMR of $3450, especially when contrasted with the average FMRs across the entire metropolitan area, indicates a potentially lower cost of living for subsidized housing tenants. Landlords and small-portfolio investors should take note of this ZIP code's positioning as it could present opportunities for properties that align with the FMR guidelines and attract tenants using Section 8 vouchers.

Investors should conduct further research into local market dynamics, such as rental vacancy rates, property management costs, and tenant demand, to fully understand the investment potential of ZIP 10176. Despite the incomplete data, the FMR figure provides a solid foundation for evaluating the suitability of properties in this area for Section 8 participation.

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.