Section 8 Fair Market Rent (FMR) for ZIP 11109 - 2026

Market Overview: ZIP 11109 sits in the heart of Manhattan’s Financial District, a high-demand, low-supply zone. Demand is driven by finance and tech professionals seeking proximity to Wall Street and the World Trade Center. Supply is constrained by limited new construction and strict zoning. The market is landlord-friendly, with strong rent-growth potential and low vacancy risk.

Median Sales Prices (ZIP 11109):

• 2BR: $1,050,000
• 3BR: $1,350,000

1% Rule Analysis:

• 2BR: $3,850 ÷ $1,050,000 = 0.37% Below 1% Rule
• 3BR: $4,820 $1,350,000 = 0.36% 👎 Below 1% Rule

Investment Potential: The 1% Rule is not met, indicating that purchase prices are high relative to achievable rents. However, the area's strong rental demand and potential for appreciation may offset the lack of cash flow. Investors should focus on long-term appreciation rather than immediate cash flow.

Key Insights:

• High purchase prices relative to rents suggest a market driven by capital appreciation expectations rather than rental yield.
• Investors should focus on long-term appreciation potential rather than cash flow.
• Strong rental demand from finance and tech professionals ensures steady rental income and low vacancy risk.