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 | $2,710 |
| 1 Bedroom | $2,860 |
| 2 Bedrooms | $3,110 |
| 3 Bedrooms | $3,940 |
| 4 Bedrooms | $4,310 |
| 5 Bedrooms | $5,000 |
| 6 Bedrooms | $5,600 |
| 7 Bedrooms | $6,048 |
| 8 Bedrooms | $6,350 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,110 | $550,583 | 0.56% | F |
| 3BR | $3,940 | $688,024 | 0.57% | F |
| 4BR | $4,310 | $897,332 | 0.48% | F |
U.S. Census Bureau data (2024)
Cortlandt Manor, NY, located in ZIP code 10567, stands out in Westchester County with a population of 19,976 residents, where only 8.1% rent their homes. The median household income here is $144,194, reflecting a relatively affluent community. Cortlandt Manor's median home value is notably high at $651,372, indicating that it is primarily a homeownership-driven area.
The economic dynamics around Section 8 vouchers in Cortlandt Manor reveal an interesting disparity. For fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom apartment in this ZIP code is set at $2,650. However, the average market rent for the same type of unit, according to the latest Census American Community Survey (ACS), is $1,873. This means that landlords participating in the Section 8 program can potentially receive higher rents compared to the local market rates, which could be attractive for those willing to take on the administrative burden of the program.
The data signature for Cortlandt Manor suggests a stable environment, characterized by a high median income and home values. With such a low percentage of renters, the demand for rental properties, including those utilizing Section 8 vouchers, is likely limited. However, the significant gap between the FMR and the actual market rent presents an opportunity for landlords who choose to accept vouchers, as they can benefit from higher guaranteed payments while serving a segment of the community that might otherwise struggle to find affordable housing.
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.