Section 8 Fair Market Rent (FMR) for ZIP 11210 - 2027

Investment Score for ZIP 11210

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,540
1 Bedroom	$2,670
2 Bedrooms	$2,910
3 Bedrooms	$3,680
4 Bedrooms	$4,040
5 Bedrooms	$4,686
6 Bedrooms	$5,248
7 Bedrooms	$5,668
8 Bedrooms	$5,951

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,670	$313,383	0.85%	C
2BR	$2,910	$442,825	0.66%	D
3BR	$3,680	$906,564	0.41%	F
4BR	$4,040	$1,094,445	0.37%	F
5BR	$4,686	$1,687,671	0.28%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 11210 (New York, NY) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 11210, as per the 2026 estimates, are as follows: - 0BR: $2430 - 1BR: $2550 - 2BR: $2800 - 3BR: $3510 - 4BR: $3810 These FMRs represent the maximum amount that a Section 8 voucher holder can be expected to pay towards rent. However, when comparing these figures to actual rental rates in the area, it becomes clear that there is a significant gap. For instance, the Zillow median price for a 2BR property in ZIP 11210 is $443,288, which translates to a monthly mortgage payment of approximately $2,646 if financed at a 4.5% interest rate over 30 years. This is already close to the FMR for a 2BR unit, and once utilities and maintenance costs are factored in, the total rent burden can exceed the FMR significantly. Given that the FMR for a 2BR unit is only 40.1% of the median household income ($83,692), voucher holders face substantial constraints in finding affordable housing. The median household income suggests that many residents could afford higher rents, but the high cost of living in New York City means that even those above the median income level may struggle to find suitable housing without assistance. #### Affordability & Renter Profile ZIP 11210 has a population of 57,915, with 55.8% being renters. This indicates a strong demand for rental properties in the area. The occupancy rate of 89.7% further supports the notion that the market is relatively tight, with few vacancies available. Given the high percentage of renters and the limited supply of units, competition for affordable housing is fierce. The median household income of $83,692 suggests that the typical resident has a moderate to upper-middle-class income. However, the high cost of living in Brooklyn, particularly in ZIP 11210, means that many residents still require financial assistance to secure housing. The FMR for a 2BR unit at $2800 is a critical benchmark for affordability, as it represents a significant portion of the median income. This makes it challenging for low-income households to find suitable housing without assistance. #### Investor Angle From an investor's perspective, the cash flow potential of properties in ZIP 11210 needs to be carefully evaluated. The FMR for a 2BR unit is $2800, while the Zillow median price suggests a monthly mortgage payment of around $2,646. This leaves a small margin for profit after accounting for other expenses such as property taxes, insurance, and maintenance. The price-to-FMR ratio of 13.2x indicates that the median home value is significantly higher than the FMR, making it difficult for investors to achieve positive cash flow unless they can manage their expenses effectively. Additionally, the high median home value and the tight rental market suggest that the investment grade for this ZIP code is moderate to low, especially for those focusing solely on Section 8 vouchers. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should focus on smaller units such as 0BR or 1BR apartments. These units have lower FMRs ($2430 and $2550 respectively) and may offer better cash flow opportunities. For example, a 1BR unit financed at a 4.5% interest rate would have a mortgage payment of about $1,625 based on the median home value, leaving a significant margin for profit after covering other expenses. 2. **Utilize Rental Assistance Programs**: Investors should consider utilizing rental assistance programs beyond just Section 8 vouchers. Other local and state programs may provide additional subsidies that can help bridge the gap between the FMR and actual rental costs. This can improve the overall financial viability of investments in this ZIP code. 3. **Consider Mixed-Income Developments**: To mitigate the risk of relying solely on Section 8 vouchers, investors might want to explore mixed-income developments where a portion of the units are rented to voucher holders and the rest to market-rate tenants. This approach can help balance the financial risks and ensure steady cash flow. #### Bottom Line For Section 8-focused investors, ZIP code 11210 presents a challenging environment due to the high price-to-FMR ratio and the tight rental market. While there is a strong demand for rental properties, the limited supply and high costs make it difficult to achieve positive cash flow. Therefore, the recommendation for this ZIP code is to **Skip** unless investors can find ways to reduce costs or diversify their tenant base through mixed-income developments. In summary, the high median home values and the limited supply of affordable units mean that the investment potential is constrained, and the financial returns may not justify the investment for those primarily targeting Section 8 voucher holders.

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.