Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,420 |
| 1 Bedroom | $2,540 |
| 2 Bedrooms | $2,770 |
| 3 Bedrooms | $3,510 |
| 4 Bedrooms | $3,840 |
| 5 Bedrooms | $4,454 |
| 6 Bedrooms | $4,988 |
| 7 Bedrooms | $5,387 |
| 8 Bedrooms | $5,656 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,770 | $576,790 | 0.48% | F |
| 3BR | $3,510 | $684,020 | 0.51% | F |
| 4BR | $3,840 | $779,451 | 0.49% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 10310 in New York, NY reveals a significant opportunity due to the discrepancy between the HUD Fair Market Rent (FMR) and the actual market rent. The HUD FMR for ZIP 10310 is set at $2,530 for FY 2024, whereas the Census ACS reports an average market rent of $1,680. This means that landlords can cashflow positively with voucher tenants, as the FMR exceeds the market rent by a considerable margin.
To further evaluate the investment potential, consider the median home value in the area, which stands at $684,475. The rent-to-price ratio, calculated by dividing the annual rent ($1,680 * 12 months) by the median home value, yields approximately 2.9%. This low ratio suggests that rental income is relatively low compared to property values, making it more advantageous for investors to focus on cashflow rather than property appreciation.
The dynamics of days on market (DOM) and price-cut shares do not significantly impact the decision-making process for Section 8 investors in ZIP 10310. With a median DOM noted as N/A and a negligible 0.2% share of homes experiencing price cuts, the stability of the housing market is evident, providing a secure environment for long-term investments.
In conclusion, the strongest investor angle in ZIP 10310 is cashflow, given the substantial difference between the HUD FMR and the market rent, allowing landlords to benefit financially from Section 8 vouchers while maintaining a stable investment portfolio.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.