Section 8 Fair Market Rent (FMR) for ZIP 11435 - 2026

Market Analysis for ZIP 11435

Cities Covered: This ZIP code covers Jamaica.

FMR Rates (FY 2026):
Studio: $2,550 | 1BR: $2,680 | 2BR: $2,940 | 3BR: $3,680 | 4BR: $4,000

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$455,000
  1% Rule: $2,940 ÷ $455,000 = 0.73% 👍 Meets 1% Rule
• 3BR Properties: Median price ~$530,000
  1% Rule: $3,680 ÷ $530,000 = 0.79% 👍 Meets 1% Rule

Market Overview: The 11435 ZIP code is another densely populated area in Queens County, with 75% of residents renting and a mix of young professionals (50%), families (30%), and service workers (20%). Vacancy rates are low at 2-3%, driving up rents by 8-10% year-over-year. The neighborhood benefits from proximity to JFK Airport and its commercial hub, as well as the nearby subway lines. Long-term growth is expected due to planned infrastructure projects and rising demand for housing near major employment centers.

Investment Takeaway: Target purchase prices in the $450-650k range to achieve 8-10% gross yield on 2BR units with rents over $1,900/month. Focus on turnkey rentals or light rehabs that can command top-tier rents ($2,200+ for 3BR). Budget 10-12% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.

Key Considerations: This is a primarily cash-flow market with moderate appreciation potential (4-6% annually). Screen tenants carefully using credit scores 650+, income verification at 3x rent, and thorough reference checks. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 2-2.5% of assessed value.