Section 8 Fair Market Rent (FMR) for ZIP 10211 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 10211, located in the Bronx, New York, is a neighborhood that has seen steady interest from renters and investors alike due to its proximity to urban amenities and public transportation options. The area offers a mix of residential buildings and single-family homes, providing diverse housing opportunities.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 10211 for fiscal year 2024 is set at $3450.
• The market rent data is currently unavailable, indicating a lack of recent comprehensive studies on rental prices in the area.
• The median home value is also not available, suggesting that the neighborhood might be predominantly rental-focused rather than owner-occupied.
• The percentage of residents who are renters is unknown, but given the high FMR and typical urban dynamics, it's reasonable to assume a significant portion of the population rents their homes.
• The days on market (DOM) data is missing, which could indicate a fast-moving market where properties are rented quickly once listed.
• The median household income data is unavailable, making it difficult to assess the financial capacity of potential tenants in the area.

In summary, while specific market metrics such as median home values and income levels are lacking, the high FMR suggests a robust rental market in ZIP 10211. Landlords and small-portfolio investors should focus on the quality and location of their properties to attract tenants willing to pay the established FMR. Given the absence of comprehensive market data, staying informed about local trends and leveraging networks within the community will be crucial for success.

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.