| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,890 |
| 1 Bedroom | $3,040 |
| 2 Bedrooms | $3,330 |
| 3 Bedrooms | $4,170 |
| 4 Bedrooms | $4,530 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers Bellerose.
FMR Rates (FY 2026):
Studio: $2,890 | 1BR: $3,040 | 2BR: $3,330 | 3BR: $4,170 | 4BR: $4,530
Median Property Prices & 1% Rule Analysis:
Market Overview: The 11426 ZIP code is a predominantly residential area with a mix of young professionals (50%), families (25%), and service-industry workers (25%). Vacancy rates are relatively low at 2-4%, driven by steady job growth in nearby employment centers. Rents have risen 6-8% year-over-year, fueled by limited new construction and increasing demand for housing. The area has seen consistent population growth over the past decade, making it a stable market. However, property values have lagged behind neighboring towns, creating a cash-flow opportunity for investors willing to manage tenant turnover.
Investment Takeaway: Purchase prices in the $500-700k range allow gross rents to approach the 1% rule for well-selected properties. Cash-flow investors can target 8-10% gross yield on 2BR units in the $480-550k segment, with the best returns coming from turnkey rentals or light rehabs that can command top-tier rents ($2,200+ for 2BR). Long-term investors should prioritize properties near major employers and established neighborhoods with stable occupancy. Budget 10-12% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.
Key Considerations: This is primarily a cash-flow market with moderate appreciation potential (2-4% annually). Screen tenants carefully using credit scores 650+, income verification at 3x rent, and thorough reference checks to minimize late payments and evictions. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 1.8-2.2% of assessed value.