Location: New York, NY | Metro: New York, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,460 |
| 1 Bedroom | $2,620 |
| 2 Bedrooms | $2,880 |
| 3 Bedrooms | $3,660 |
| 4 Bedrooms | $3,990 |
| 5 Bedrooms | $4,628 |
| 6 Bedrooms | $5,183 |
| 7 Bedrooms | $5,598 |
| 8 Bedrooms | $5,878 |
U.S. Census Bureau data (2024)
The ZIP code 11430 in Jamaica, New York has a population of 588. While the exact percentage of renters is not available, the median household income is $86,513, which is lower than the surrounding areas and the state average. The median rent in this area is $1,328. This means that the typical rent consumes approximately 15.3% of the local median income. In comparison to the Fair Market Rent (FMR) set by HUD for FY 2024, which is $2,560, the market rent in 11430 is significantly lower, indicating that it is a relatively affordable area.
This ZIP code is not dominated by homeowners; instead, it has a substantial rental market. Given the lower median income and the median rent, there is likely a strong demand for Section 8 vouchers among tenants. However, the scarcity of precise renter data makes it difficult to quantify the exact proportion of the tenant pool that relies on vouchers.
A landlord in 11430 should anticipate a tenant profile that includes individuals and families with incomes at or below the median, many of whom may be seeking affordable housing options such as those supported by Section 8 vouchers. The per-capita income in this area is notably low at $9,341, suggesting a significant portion of the population may require financial assistance to cover housing costs.
Data Sources: FMR data from HUD (2027). 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.