Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,330 |
| 1 Bedroom | $3,510 |
| 2 Bedrooms | $3,820 |
| 3 Bedrooms | $4,830 |
| 4 Bedrooms | $5,300 |
| 5 Bedrooms | $6,148 |
| 6 Bedrooms | $6,886 |
| 7 Bedrooms | $7,437 |
| 8 Bedrooms | $7,809 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,510 | $441,830 | 0.79% | D |
| 2BR | $3,820 | $512,496 | 0.75% | D |
| 3BR | $4,830 | $856,016 | 0.56% | F |
| 4BR | $5,300 | $1,435,349 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 11360 in New York, NY, presents an interesting balance between yield and stability for real estate investors. On the yield axis, the Fair Market Rent (FMR) for the fiscal year 2024 stands at $3,590, which is significantly higher than the market rent of $2,767. This suggests that properties receiving Section 8 subsidies can generate a notable premium over market rates. However, when considering the median home value of $623,417, the yield appears moderate relative to the capital investment required.
Moving to the stability axis, the data reveals a mixed picture. The ZIP code has a relatively low percentage of renters at 23.6%, indicating a predominantly owner-occupied area. This could suggest less demand for rental properties, including those under Section 8. The days on market (DOM) figure of 59 days is indicative of a moderately stable rental market; it's neither too quick nor too slow, suggesting some competition but also a reasonable demand. Additionally, the median household income of $98,875 provides insight into the economic stability of the area, with higher incomes generally correlating to lower risk of tenant default.
Given these metrics, ZIP 11360 leans towards being a steady-cashflow zone. While the yield is attractive due to the substantial difference between FMR and market rent, the low percentage of renters and moderate DOM suggest that the market isn't highly speculative or prone to rapid turnover. The higher median income adds a layer of financial security for landlords and investors, making this ZIP code suitable for those seeking consistent returns without excessive risk.
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.