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 | $2,660 |
| 1 Bedroom | $2,800 |
| 2 Bedrooms | $3,050 |
| 3 Bedrooms | $3,860 |
| 4 Bedrooms | $4,230 |
| 5 Bedrooms | $4,907 |
| 6 Bedrooms | $5,496 |
| 7 Bedrooms | $5,936 |
| 8 Bedrooms | $6,233 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,050 | $440,411 | 0.69% | D |
| 3BR | $3,860 | $437,551 | 0.88% | C |
| 4BR | $4,230 | $525,886 | 0.8% | C |
| 5BR | $4,907 | $599,520 | 0.82% | C |
U.S. Census Bureau data (2024)
ZIP code 10927, located in Haverstraw, NY, falls within the broader New York, NY HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 10927 is set at $2,570 for fiscal year 2024, which is notably lower than the average market rent of $2,909. This suggests that the area is more affordable for subsidized housing tenants compared to the overall metro area.
The median home value in ZIP 10927 is $444,627, indicating that it is less expensive than many areas in the New York, NY HUD Metro FMR Area. This figure places 10927 in a value pocket relative to the premium sub-markets found in other parts of the metro. Home values in this ZIP code are significantly below the typical range seen in the larger New York City area, where median home values can exceed $600,000.
A strong indicator of potential demand for rental properties is the 50.4% renter share in ZIP 10927. This percentage is higher than the national average, suggesting a robust market for rentals. The combination of a high renter share and relatively low home values can signal a favorable environment for Section 8 landlords and small-portfolio investors. It implies that there is a significant population relying on rental housing, including those who benefit from federal housing assistance programs.
In comparison to typical ZIP codes within the New York, NY HUD Metro FMR Area, ZIP 10927 presents itself as a value pocket. The lower FMR and market rents contrast with the higher costs seen in urban centers, while the substantial renter share points towards a strong demand for rental units. This makes it an attractive location for investors seeking to capitalize on the rental market without the high overhead associated with more expensive areas.
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.