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 | $2,990 |
| 1 Bedroom | $3,150 |
| 2 Bedrooms | $3,430 |
| 3 Bedrooms | $4,340 |
| 4 Bedrooms | $4,760 |
| 5 Bedrooms | $5,522 |
| 6 Bedrooms | $6,185 |
| 7 Bedrooms | $6,680 |
| 8 Bedrooms | $7,014 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,430 | $646,645 | 0.53% | F |
| 3BR | $4,340 | $1,240,446 | 0.35% | F |
U.S. Census Bureau data (2024)
ZIP 10601, located in White Plains, NY, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 10601 in fiscal year 2024 is set at $2760, which is notably lower than the market rent of $3,250. This creates a spread of $490 per unit, offering a predictable and stable cash flow for landlords participating in the Section 8 program.
The median home value in ZIP 10601 stands at $459,339, indicating a relatively high property value area. However, the focus on Section 8 properties allows landlords to benefit from a guaranteed tenant base, as the program ensures timely rental payments. The stability of this income source is particularly valuable given the higher median income of $85,859, suggesting a robust local economy that supports housing demand.
The 64.3% renter share highlights a strong rental market, but for landlords seeking consistent cash flows rather than speculative gains, Section 8 properties offer a reliable solution. While the 0.1% price-cut share and N/A-day days on market (DOM) suggest limited need for price adjustments or extended vacancy periods, the primary advantage lies in the steady income stream.
In conclusion, ZIP 10601 is best suited as a cash-flow anchor due to the significant gap between the FMR and market rents, ensuring landlords receive regular payments without the volatility associated with non-subsidized rentals. This strategy is especially effective in maintaining financial stability and predictability within an investment portfolio.
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.