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 | $2,630 |
| 1 Bedroom | $2,770 |
| 2 Bedrooms | $3,010 |
| 3 Bedrooms | $3,810 |
| 4 Bedrooms | $4,170 |
| 5 Bedrooms | $4,837 |
| 6 Bedrooms | $5,417 |
| 7 Bedrooms | $5,850 |
| 8 Bedrooms | $6,143 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,010 | $427,102 | 0.7% | D |
| 3BR | $3,810 | $658,263 | 0.58% | F |
| 4BR | $4,170 | $957,699 | 0.44% | F |
| 5BR | $4,837 | $1,294,607 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 10901, located in Montebello, NY, represents a mixed housing market with a notable presence of renters. With a population of 27,095, approximately 28.8% are renters, indicating that while homeownership is prevalent, there is still a significant tenant pool. The median household income in this area is $108,041, which provides insight into the economic capacity of potential tenants.
A market rent of $3,200 in ZIP 10901 equates to about 29.6% of the median household income. This suggests that typical rents are relatively high compared to local incomes, potentially making it challenging for some tenants to afford market rates without assistance. The Fair Market Rent (FMR) for the area, set at $2,790 for FY 2024, is lower than the market rent, highlighting a gap between subsidized housing and market-rate rentals.
The demand for Section 8 vouchers in this ZIP code is likely moderate given the proportion of renters and the income levels. However, landlords should be aware that the FMR is below the market rent, meaning that tenants using vouchers will have limited financial flexibility to cover additional costs or amenities beyond what the voucher subsidizes.
In summary, landlords in ZIP 10901 can expect tenants who are either financially stable enough to pay market rates or those relying on Section 8 vouchers. These voucher holders will generally be low-income families whose total income falls within the eligibility limits for the program. Landlords should prepare for a mix of tenants, some with higher income stability and others requiring the support of government subsidies to meet rental obligations.
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.