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 | $2,980 |
| 1 Bedroom | $3,140 |
| 2 Bedrooms | $3,420 |
| 3 Bedrooms | $4,330 |
| 4 Bedrooms | $4,740 |
| 5 Bedrooms | $5,498 |
| 6 Bedrooms | $6,158 |
| 7 Bedrooms | $6,651 |
| 8 Bedrooms | $6,984 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,420 | $807,352 | 0.42% | F |
| 3BR | $4,330 | $944,450 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP 11379, located in New York, NY, within the New York, NY HUD Metro FMR Area, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $2940, which exceeds the average market rent of $2,794. This positive spread ensures that properties in this ZIP code will consistently generate higher rental income when leased through the Section 8 program compared to the open market.
The median home value in ZIP 11379 is $899,667, indicating a high-end residential area where property values are unlikely to fluctuate significantly due to economic downturns. Landlords can rely on steady cash flows without the risk of substantial rent reductions. Furthermore, the low price-cut share of 0.1% and the non-applicable day DOM (Days on Market) suggest that rental properties in this area are highly sought after, minimizing the need for competitive pricing adjustments.
While the renter share stands at 39.9%, which is a considerable portion of the housing market, the median income of $93,558 suggests that tenants in this ZIP code are likely to be financially stable and less prone to defaulting on their rent payments. This stability further reinforces the role of ZIP 11379 as a cash-flow anchor, providing a secure foundation for Section 8 portfolios.
In conclusion, ZIP 11379 should be prioritized as a cash-flow anchor within a Section 8 portfolio strategy. Its favorable FMR to market rent spread, combined with high property values and financially secure tenants, guarantees consistent and reliable income generation, making it a prudent choice for landlords and small-portfolio investors seeking stability in their investment returns.
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.