| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $3,360 |
| 1 Bedroom | $3,530 |
| 2 Bedrooms | $3,870 |
| 3 Bedrooms | $4,850 |
| 4 Bedrooms | $5,270 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Market Overview: Astoria (11102) is a high-demand, transit-rich NYC submarket where 2BR condos trade around $750k and 3BR around $900k. Year-over-year price appreciation remains strong, driven by limited inventory and proximity to Manhattan. Investors should expect strong appreciation but must price in the premium that comes with buying in NYC.
Median Sales Prices (ZIP 11102): 2BR: $750,000 | 3BR: $900,000
1% Rule Analysis:
Investment Potential: The 1% Rule is not met in either segment, indicating that cash-flow investors will need to rely on appreciation rather than rental yield. However, the area's strong rental demand and limited supply ensure occupancy and rent growth. Investors should focus on long-term appreciation plays rather than cash-flow strategies.
Key Insights: Astoria's rental market is driven by young professionals and students, ensuring strong occupancy. However, the high acquisition cost relative to FMR means investors must rely on appreciation, not cash flow. The area's transit access and proximity to Manhattan make it a long-term play with strong fundamentals, but buyers should not expect the 1% Rule to be met in this ZIP code.