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 FMR (zip FY 2024) indicates the Fair Market Rent for ZIP 10275 in New York. The lack of specific market rent, median home value, and other detailed statistics makes it challenging to provide a comprehensive analysis without additional data. However, given the FMR figure, we can infer certain aspects relevant to landlords and small-portfolio investors.
Based on the Fair Market Rent, landlords should consider setting their rental prices close to or slightly above this figure to remain competitive while ensuring profitability. Investors looking to purchase properties in this area should be aware of the rental potential based on the FMR, which stands at $3450.
Without precise data on the renter share, median income, days on market, and price-cut share, it is difficult to give a definitive verdict on the investment climate. However, the absence of these figures suggests that the area might be less tracked or have limited data availability, which could indicate either a stable market or one that requires careful investigation.
To conclude, for ZIP 10275, the Fair Market Rent provides a solid benchmark for rental pricing, but further investigation into local market dynamics is recommended before making investment decisions. The verdict on Section 8 eligibility remains unclear due to the limited dataset available.
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.