Section 8 Fair Market Rent (FMR) for ZIP 11437 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 11437, located in New York, is part of a metropolitan area that presents unique opportunities and challenges for real estate investors, particularly those interested in Section 8 housing. This area is influenced by various factors such as local economic conditions, housing demand, and government assistance programs.

• Fair Market Rent (FMR): The FMR for ZIP 11437 has been set at $2,990 for the fiscal year 2026, indicating the maximum amount that a landlord can charge for a rental property under the Section 8 program.
• Market Rent: Unfortunately, specific data on the market rent for ZIP 11437 is currently unavailable. However, the FMR provides a benchmark for assessing the potential rental rates in the area.
• Median Home Value: Data on the median home value for ZIP 11437 is also not available. This makes it challenging to gauge the typical property values in the area without further research.
• Renter Share: The percentage of residents who are renters in ZIP 11437 is unspecified, which means there's a lack of data to determine the proportion of the population relying on rentals.
• Days on Market (DOM): Information regarding the average number of days properties remain on the market before being rented is not provided. This metric would be crucial for understanding the speed at which properties are typically leased in this area.
• Median Income: There is no data available on the median income for ZIP 11437. Knowing the median income helps investors understand the financial capacity of potential tenants.

In summary, while the Fair Market Rent for ZIP 11437 is established at $2,990, critical details such as the median home value, renter share, days on market, and median income are missing. Landlords and small-portfolio investors should focus on obtaining comprehensive local market data to make informed decisions about investment opportunities in this ZIP code. The availability of the FMR alone does not provide a complete picture of the rental market dynamics or the financial health of the area.

Data Sources: FMR data from HUD (2027).

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.