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 | $3,090 |
| 1 Bedroom | $3,250 |
| 2 Bedrooms | $3,540 |
| 3 Bedrooms | $4,480 |
| 4 Bedrooms | $4,910 |
| 5 Bedrooms | $5,696 |
| 6 Bedrooms | $6,380 |
| 7 Bedrooms | $6,890 |
| 8 Bedrooms | $7,235 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,540 | $476,166 | 0.74% | D |
| 3BR | $4,480 | $633,324 | 0.71% | D |
| 4BR | $4,910 | $820,127 | 0.6% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 10547, which includes Lake Mohegan, NY, within the Westchester County County, NY HUD Metro FMR Area, reveals several key points. The HUD Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $2,520. In comparison, the Census ACS reports an average market rent of $2,392. This means that voucher tenants will generally cashflow positively at the HUD FMR, indicating a strong financial benefit for landlords who accept Section 8 vouchers.
To further analyze the investment potential, consider the median home value of $572,319. Using this figure, we can calculate a rent-to-price ratio, which is approximately 0.44%. This low ratio suggests that rental properties may offer better returns compared to purchasing homes in this area, making it an attractive option for investors focused on cashflow.
The dynamics between renting and buying are significant in this market. However, the data does not provide specific figures for the median days on market (DOM) or the percentage of price cuts. These metrics would typically help determine the speed and ease of selling homes, but their absence here means we must rely more heavily on the rental metrics for guidance.
In summary, the strongest investor angle in ZIP code 10547 is cashflow. Landlords who accept Section 8 vouchers will see positive cashflow with tenants paying above the market rate, making this a solid choice for those seeking reliable income streams from their investments.
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.