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 | $3,470 |
| 1 Bedroom | $3,660 |
| 2 Bedrooms | $3,980 |
| 3 Bedrooms | $5,040 |
| 4 Bedrooms | $5,520 |
| 5 Bedrooms | $6,403 |
| 6 Bedrooms | $7,171 |
| 7 Bedrooms | $7,745 |
| 8 Bedrooms | $8,132 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,980 | $636,330 | 0.63% | D |
| 3BR | $5,040 | $1,005,866 | 0.5% | F |
| 4BR | $5,520 | $1,351,823 | 0.41% | F |
| 5BR | $6,403 | $1,805,693 | 0.35% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 10510, Briarcliff Manor, NY, for fiscal year 2024 is set at $2,620. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing assistance program. It does not represent the rent you can charge tenants but rather the maximum amount HUD will pay on behalf of eligible tenants.
To put this into context, the average rent for a two-bedroom apartment in Briarcliff Manor, according to the latest Census American Community Survey (ACS), is $2,545. This indicates that the FMR is slightly above the market average, providing a reasonable margin for landlords who participate in the Section 8 program.
The renter share in Briarcliff Manor is 16.6%, meaning that a significant portion of residents rely on rental housing. This suggests there is a steady demand for rentals, particularly those that qualify for Section 8 assistance. The total amount that HUD allocates for Section 8 housing in this area is approximately $1,101,491, which can be a substantial pool of funds for landlords willing to accept Section 8 tenants.
If you're considering your first Section 8 rental property in ZIP 10510, ensure you verify the specific terms of the local housing authority's contract. This includes understanding the process for tenant selection, maintenance requirements, and how often rent adjustments occur. While the FMR provides a benchmark, local housing authorities may have additional rules that affect your bottom line.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.