| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $3,800 |
| 1 Bedroom | $3,990 |
| 2 Bedrooms | $4,370 |
| 3 Bedrooms | $5,470 |
| 4 Bedrooms | $5,950 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers Brooklyn.
FMR Rates (FY 2026):
Studio: $3,800 | 1BR: $3,990 | 2BR: $4,370 | 3BR: $5,470 | 4BR: $5,950
Median Property Prices & 1% Rule Analysis:
Market Overview: The 11217 ZIP code in Brooklyn is a rapidly growing area with a mix of young professionals (50%), long-time residents (25%), and service-industry workers (25%). Vacancy rates remain tight at 2%, and rents have risen 8-10% year-over-year, driven by steady job growth in nearby employment centers. The area has seen significant population growth over the past decade, making it a stable market with moderate appreciation potential. However, property values have outpaced neighboring towns, creating an opportunity for investors to capitalize on high demand and limited supply.
Investment Takeaway: Purchase prices in the $600-800k range allow gross rents to approach the 1% rule for well-selected properties. Cash-flow investors can target 8-10% gross yield on 2BR units in the $500-650k segment, with the best returns coming from turnkey rentals or light rehabs that can command top-tier rents ($1,800+ for 2BR). Long-term investors should prioritize properties near major employers, transit hubs, and established neighborhoods with stable occupancy. Budget 10-12% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.
Key Considerations: This is primarily a cash-flow market with high appreciation potential (4-6% annually). Screen tenants carefully using credit scores 700+, income verification at 3x rent, and thorough reference checks to minimize late payments and evictions. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 1.8-2.2% of assessed value.