Section 8 Fair Market Rent (FMR) for ZIP 10276 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 10276, located in New York, is characterized by its urban environment and proximity to major economic hubs, making it an attractive location for both residents and investors. However, due to limited availability of specific data points, this analysis will focus on the available information to provide insights into the rental market potential.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 10276 for fiscal year 2024 is set at $3450.
• Despite the high FMR, the market rent for the area remains unspecified, indicating either a lack of recent data or significant fluctuations that make it challenging to establish a reliable figure.
• The median home value is also currently unreported, which can be attributed to the area's predominantly rental housing stock.
• The exact percentage of renter share is unknown, but given the urban setting, it is likely that a substantial portion of the population rents rather than owns their homes.
• Average Days on Market (DOM) for rental listings is unavailable, suggesting either a rapidly changing market or insufficient data to draw conclusions.
• The median income for the area has not been reported, which is critical for understanding the financial capacity of potential tenants.

In summary, ZIP 10276 presents a potentially lucrative opportunity for landlords and small-portfolio investors, particularly with the high FMR of $3450. However, the absence of key metrics such as market rent, median home value, renter share, average DOM, and median income introduces a level of uncertainty. Investors should conduct thorough local research and consider consulting with local real estate professionals to fill these data gaps before making investment decisions.

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.