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 | $2,570 |
| 1 Bedroom | $2,700 |
| 2 Bedrooms | $2,940 |
| 3 Bedrooms | $3,720 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,940 | $676,493 | 0.43% | F |
| 3BR | $3,720 | $772,834 | 0.48% | F |
| 4BR | $4,080 | $836,611 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 11417 in New York, NY, presents a nuanced investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for 2024 is projected at $2,810, slightly above the current market rent of $2,804. This indicates a modest potential for rental income growth. However, the median home value of $752,901 suggests a relatively expensive property market, which could limit the pool of potential tenants.
On the yield axis, 11417 offers a competitive return on investment due to the FMR being higher than the market rent. This implies that there is room for rental price increases without significantly deterring tenants, assuming the area maintains its attractiveness. The FMR of $2,810 can be leveraged by landlords who can manage properties efficiently, potentially increasing their cash flow by aligning rents closer to the FMR.
Moving to the stability axis, the ZIP code shows a 41.7% rate of renters, indicating a moderate level of demand for rental properties. While this percentage is not exceptionally high, it does suggest a consistent base of tenants. Unfortunately, the lack of data on the number of days on market (DOM) makes it challenging to assess how quickly properties might be rented out. The average household income of $87,006 provides some assurance that tenants can afford higher rents, contributing to a stable occupancy rate.
Given these figures, 11417 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The slight edge in FMR over market rent supports a moderate increase in yield, but the relatively high home values and the moderate renter population suggest a market that favors long-term investments over quick flips. Landlords should focus on maintaining quality properties and managing them effectively to capture the higher FMR while ensuring tenant satisfaction and retention.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.