Section 8 Fair Market Rent (FMR) for ZIP 10576 - 2027

Location: New York, NY | Metro: New York, NY HUD Metro FMR Area

Investment Score for ZIP 10576

Monthly Rent (2BR)

$4,010

Median Price (2BR)

$970,916

1% Rule

0.41%

Annual Yield

4.96%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$3,420
1 Bedroom	$3,660
2 Bedrooms	$4,010
3 Bedrooms	$5,040
4 Bedrooms	$5,600
5 Bedrooms	$6,496
6 Bedrooms	$7,276
7 Bedrooms	$7,858
8 Bedrooms	$8,251

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$4,010	$970,916	0.41%	F
3BR	$5,040	$1,187,998	0.42%	F
4BR	$5,600	$1,523,007	0.37%	F
5BR	$6,496	$2,374,036	0.27%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,891

Median Household Income

$250,001

Housing Units

1,944

Renter Percentage

7.5%

Occupancy Rate

90.4%

Renter Occupied

132

Pound Ridge, NY, located in ZIP code 10576, is a affluent suburban community known for its serene environment and high-end residential properties. The area is particularly attractive to those seeking a quiet retreat from urban life while maintaining proximity to major metropolitan areas.

The Fair Market Rent (FMR) for a two-bedroom apartment in Pound Ridge for fiscal year 2024 is set at $3400.
The average market rent for a similar unit, according to the latest Census American Community Survey (ACS), is slightly higher at $3,501.
The median home value in Pound Ridge is notably high at $1,404,357, reflecting the luxury nature of the housing market.
Renters make up only a small portion of the population, with a renter share of 7.5%. This indicates that the majority of residents own their homes, which can influence local rental demand.
The days on market (DOM) for rental properties is not available, suggesting either a very efficient or underreported rental market in Pound Ridge.
The median household income in the area is exceptionally high at $250,001, which supports the ability of residents to afford higher rents and property values.

Given the high median home values and median incomes, Pound Ridge presents a niche market opportunity for landlords and small-portfolio investors who can cater to the needs of high-income renters. The slight premium of market rent over the FMR suggests that there is room for price adjustment based on property quality and amenities. However, the low renter share implies that competition for tenants might be fierce, necessitating well-maintained properties and strategic pricing to attract and retain occupants. Overall, Pound Ridge offers a stable investment climate, especially for those interested in long-term, high-value rental properties.

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.