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 |
ZIP code 10212 is positioned within the New York, NY HUD Metro Fair Market Rent (FMR) Area. The Fair Market Rent for 10212 in fiscal year 2024 is set at $3450. This figure represents the maximum amount that a low-income family participating in the Section 8 program can pay towards their housing costs in this area.
Comparatively, the typical ZIP codes within the New York, NY HUD Metro FMR Area have a fair market rent that is usually higher than $3450. However, without specific market rent and home value data for 10212, we cannot make a direct comparison. The lack of market rent and home value data for 10212 suggests it might be an outlier or less commonly referenced within broader real estate analyses.
The absence of data regarding the renter share also makes it challenging to fully assess the dynamics of the rental market in 10212. However, based on the available information, we can infer that 10212 is likely a value pocket within the New York, NY HUD Metro FMR Area. Its lower FMR compared to the typical ZIP codes indicates that it offers more affordable options for low-income families seeking housing through the Section 8 program.
While it's not possible to confirm a Section 8 sweet spot due to missing data points such as renter share and home values, the lower FMR alone suggests that landlords and small-portfolio investors could find attractive opportunities here. It is advisable to conduct further research into the local rental market trends and property values to better understand the investment potential.
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.