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 | $2,400 |
| 1 Bedroom | $2,530 |
| 2 Bedrooms | $2,750 |
| 3 Bedrooms | $3,480 |
| 4 Bedrooms | $3,810 |
| 5 Bedrooms | $4,420 |
| 6 Bedrooms | $4,950 |
| 7 Bedrooms | $5,346 |
| 8 Bedrooms | $5,613 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,750 | $649,547 | 0.42% | F |
| 3BR | $3,480 | $889,477 | 0.39% | F |
| 4BR | $3,810 | $1,390,187 | 0.27% | F |
| 5BR | $4,420 | $2,240,431 | 0.2% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 10549, located in Mount Kisco, NY within the Westchester County County, NY HUD Metro FMR Area, reveals a competitive rental environment. The HUD Fair Market Rent (FMR) for this area is set at $2410 for the fiscal year 2024. In comparison, the market rent as indicated by ZORI (Zillow Observed Rental Index) stands at $2648. This suggests that voucher tenants would cashflow marginally in standard units, but likely require premium units to fully cover costs without financial strain.
To understand the rent-to-price ratio, we can reference the median home value of $915,550. The calculation shows that the average monthly rent ($2648) represents approximately 0.29% of the median home value. This ratio indicates that rental income is relatively low compared to the property values, which could be a factor for investors considering long-term buy-and-hold strategies.
The data does not provide a median Days on Market (DOM) or a percentage of properties needing price cuts, both of which are typically used to gauge the rent-versus-buy dynamics. However, given the high median home value and the relatively low rental income, it's clear that the primary investment angle in this area is not through rental cashflow but rather through potential property appreciation.
The strongest investor angle in ZIP 10549 is appreciation. With a median home value significantly higher than the rent-to-price ratio, investors should focus on the growth potential of their investments, as property values are likely to increase over time, providing substantial capital gains.
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.