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 |
|---|---|---|---|---|
| 3BR | $4,590 | $762,176 | 0.6% | D |
| 4BR | $5,030 | $806,827 | 0.62% | D |
| 5BR | $5,835 | $953,801 | 0.61% | D |
U.S. Census Bureau data (2024)
ZIP Code 11422, located in Rosedale, NY, is characterized by a median monthly rent of $1,775, significantly higher than the state average of $1,280 and the national average of $1,062. This places it firmly in the high-yield category when compared to the Fair Market Rent (FMR) of $3,170 set for the fiscal year 2024 and the market rent of $2,510.
The median home value in ZIP 11422 is $724,331, indicating a relatively affluent area. However, the median household income is $102,173, which is higher than both the state ($68,486) and national ($62,843) averages. Despite the higher incomes, renters in this ZIP code spend an estimated 29.96% of their income on rent, slightly lower than the New York state average but reflective of the higher rental costs.
Regarding stability, 34.1% of housing units are occupied by renters, with a low vacancy rate of 2.7%. This suggests a stable rental market with consistent demand. However, the lack of data on days on the market (DOM) prevents a full assessment of the stability of the real estate market.
In summary, ZIP 11422 presents a high-yield opportunity due to its elevated rental costs relative to the FMR and market rent, combined with a higher median home value. It leans towards being a steady-cashflow zone given the low vacancy rate and consistent demand, though the absence of DOM data means it cannot be definitively classified as such. Investors should focus on properties that align with these figures to maximize returns and ensure stability.
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.