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 | $2,850 |
| 2 Bedrooms | $3,100 |
| 3 Bedrooms | $3,920 |
| 4 Bedrooms | $4,300 |
| 5 Bedrooms | $4,988 |
| 6 Bedrooms | $5,587 |
| 7 Bedrooms | $6,034 |
| 8 Bedrooms | $6,336 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,850 | $220,153 | 1.29% | A |
| 2BR | $3,100 | $386,451 | 0.8% | C |
| 3BR | $3,920 | $785,289 | 0.5% | F |
| 4BR | $4,300 | $1,082,713 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 10805 in New Rochelle, NY, presents an interesting mix of yield and stability factors that landlords and small-portfolio investors should consider. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,330, slightly above the current market rent of $2,312. This indicates a positive rental yield environment, as the FMR is designed to reflect the average market rent for a modest home in good condition. Additionally, the median home value stands at $560,534, which is significantly lower than the typical home values in many other parts of the state.
On the stability front, the ZIP code boasts a substantial percentage of renters at 53.9%, suggesting a strong demand for rental properties. However, the lack of data on days on market (DOM) makes it challenging to assess the speed at which properties can be rented out. The median household income is $102,109, which is relatively high and supports the ability of residents to pay rents in line with the FMR.
Given these figures, ZIP 10805 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The slight premium of the FMR over the market rent, combined with the high percentage of renters, suggests that there is a reliable tenant pool. Furthermore, the higher median income level indicates a stable economic base, reducing the risk of non-payment and increasing the likelihood of longer-term leases. While the yield isn't exceptionally high due to the relatively low difference between FMR and market rent, the stability metrics point towards a predictable and consistent cash flow environment.
To summarize, the combination of a modest yield advantage and strong stability metrics, particularly the high percentage of renters and median income, positions ZIP 10805 as a suitable location for those seeking a steady and reliable investment opportunity in the rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.