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 | $3,170 |
| 1 Bedroom | $3,330 |
| 2 Bedrooms | $3,630 |
| 3 Bedrooms | $4,590 |
| 4 Bedrooms | $5,030 |
| 5 Bedrooms | $5,835 |
| 6 Bedrooms | $6,535 |
| 7 Bedrooms | $7,058 |
| 8 Bedrooms | $7,411 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,330 | $310,328 | 1.07% | B |
| 2BR | $3,630 | $627,015 | 0.58% | F |
| 3BR | $4,590 | $1,020,576 | 0.45% | F |
| 4BR | $5,030 | $1,269,421 | 0.4% | F |
| 5BR | $5,835 | $1,505,143 | 0.39% | F |
U.S. Census Bureau data (2024)
ZIP code 11361 in New York, NY, is predominantly a renter-heavy area with significant voucher demand. With a population of 30,127, nearly 41.1% are renters, indicating a robust tenant pool. The median household income in this ZIP is $105,932, which provides insight into the economic background of potential tenants.
The typical market rent of $2,732 represents approximately 25.8% of the median household income. This suggests that while rents are relatively high, they remain manageable for many residents. However, the Federal Market Rent (FMR) for FY 2024 is set at $3260, slightly above the current market rent. This difference highlights the financial support that vouchers can offer, making it easier for tenants to afford housing in this area.
Landlords in ZIP 11361 should anticipate a tenant profile that includes individuals and families who benefit from rental assistance programs. These tenants will likely have stable incomes and be able to cover their rent with the help of vouchers. Given the high percentage of renters and the income levels, the demand for rental properties with Section 8 vouchers is expected to be strong.
To summarize, ZIP 11361 is well-suited for landlords and small-portfolio investors interested in attracting Section 8 tenants. The area's high renter rate and median income levels make it a prime location for properties that accept vouchers, ensuring both demand and affordability for tenants.
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.