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 | $2,510 |
| 1 Bedroom | $2,650 |
| 2 Bedrooms | $2,880 |
| 3 Bedrooms | $3,640 |
| 4 Bedrooms | $3,990 |
| 5 Bedrooms | $4,628 |
| 6 Bedrooms | $5,183 |
| 7 Bedrooms | $5,598 |
| 8 Bedrooms | $5,878 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,880 | $478,802 | 0.6% | D |
| 3BR | $3,640 | $790,581 | 0.46% | F |
| 4BR | $3,990 | $895,204 | 0.45% | F |
| 5BR | $4,628 | $1,004,176 | 0.46% | F |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 10710, located in Yonkers, NY, within the Westchester County County, NY HUD Metro FMR Area, presents a challenging environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for FY 2024 stands at $2,150, which is notably lower than the market rent, measured by Zillow's ZORI, at $2,600. This indicates that voucher tenants will only cashflow marginally, if at all, without premium units.
To understand the investment potential further, consider the median home value in the area, which is $741,270. Using this figure, we can derive a rent-to-price ratio. Given the ZORI of $2,600, the annual rent would be approximately $31,200, leading to a rent-to-price ratio of about 4.2%. This suggests that the rental market is relatively strong compared to the home value, but the gap between market rent and FMR remains significant.
The dynamics of the rent versus buy market do not significantly impact the decision-making process for Section 8 investors due to the lack of available data on days on market (DOM) and price-cut shares. However, it is worth noting that the absence of these metrics might indicate a stable housing market where properties are generally sold at or near their asking price without substantial negotiations.
The strongest angle for investors in this ZIP code is likely to be stability. Despite the lower FMR, the robust median home value and the relatively strong rent-to-price ratio suggest that the area offers a reliable investment opportunity with consistent demand for rental properties, particularly those that can accommodate voucher tenants.
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.