Section 8 Fair Market Rent (FMR) for ZIP 10528 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 10528

• The Municipal Hsng Authority City Yonkers (Yonkers, NY) - 5,133 Section 8 vouchers
• City of New Rochelle Housing Authority (New Rochelle, NY) - 1,165 Section 8 vouchers
• White Plains Housing Authority (White Plains, NY) - 811 Section 8 vouchers
• City of Peekskill (Peekskill, NY) - 731 Section 8 vouchers
• New Rochelle Housing Authority (New Rochelle, NY) - 605 Section 8 vouchers
• Greenburgh Housing Authority (White Plains, NY) - 421 Section 8 vouchers
• Village of Ossining Section 8 Program (Ossining, NY) - 258 Section 8 vouchers
• Mount Kisco Housing Authority (Mount Kisco, NY) - 188 Section 8 vouchers
• Tuckahoe HA, Village of (Tuckahoe, NY) - 175 Section 8 vouchers
• Town of Yorktown (Yorktown Heights, NY) - 156 Section 8 vouchers

The Harrison, NY area, represented by ZIP code 10528, is a prime location for real estate investment, especially for those interested in Section 8 housing opportunities. Situated in Westchester County, it offers proximity to New York City, combined with suburban living amenities.

• The Fair Market Rent (FMR) for ZIP 10528 in fiscal year 2024 is set at $3130, providing a benchmark for rental subsidies.
• The market rent, as measured by Zillow's ZORI index, stands at $4,413, indicating a strong demand for rental properties above the FMR threshold.
• The median home value in Harrison, NY is $1,411,134, reflecting the high-end nature of the real estate market in this area.
• Renters make up 46.0% of the population, suggesting a significant portion of residents rely on rental housing, including potential Section 8 tenants.
• The median income in Harrison, NY is $154,416, which is well above the national average, pointing to a financially stable resident base.

The data points indicate that Harrison, NY presents a robust opportunity for landlords and small-portfolio investors, particularly those looking to cater to both market-rate and Section 8 tenants. With a market rent significantly higher than the FMR, there is potential for both types of renters to find suitable housing. The high median home value and income suggest a prosperous local economy, which could translate into lower vacancy rates and higher tenant reliability. However, the absence of data regarding days on market (DOM) indicates a need for further investigation into the speed of property turnover and the competitive landscape of the rental market.

Data Sources: FMR data from HUD (2027). 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.