| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,430 |
| 1 Bedroom | $2,550 |
| 2 Bedrooms | $2,800 |
| 3 Bedrooms | $3,510 |
| 4 Bedrooms | $3,810 |
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: $2,430 | 1BR: $2,550 | 2BR: $2,800 | 3BR: $3,510 | 4BR: $3,810
Median Property Prices & 1% Rule Analysis:
Market Overview: The 11228 ZIP code in Brooklyn is a highly competitive rental market driven by young professionals (40%), families (30%), and service workers (30%). Vacancy rates are tight at 2-3%, with year-over-year rent growth of 8-10% due to strong demand for housing near major employment centers. Key market drivers include steady job growth, limited new construction, and increasing popularity among tech startups. The area is in a stable growth phase, making it an attractive investment opportunity. However, property values have appreciated significantly over the past decade, reducing cash-flow potential.
Investment Takeaway: Purchase prices in the $400-600k 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 $350-450k segment, with the best returns coming from turnkey rentals or light rehabs that can command top-tier rents ($2,800+ for 2BR). Long-term investors should prioritize properties near major employers, transit hubs, and established neighborhoods with stable occupancy. Budget 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 moderate 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 2.0-2.5% of assessed value. Late or unpaid rent is the dominant risk in this market, so tenant quality trumps cosmetic upgrades.