Section 8 Fair Market Rent (FMR) for ZIP 11764 - 2027

Investment Score for ZIP 11764

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A landlord considering investing in ZIP code 11764 for Section 8 properties must follow a structured decision-making process based on financial metrics and market conditions. Here's how to approach the question "Should I buy here for Section 8?"

Step 1: Evaluate if the Fair Market Rent (FMR) of $2660 can cover the debt service on a property valued at $719,471.

• If the debt service is less than $2660 per month, then the answer is Yes. The FMR provides sufficient income to meet mortgage obligations and other expenses associated with property ownership.
• If the debt service exceeds $2660 per month, then the answer is No. The FMR would not be adequate to support the financial burden of owning the property.

Step 2: Compare the market rent of $1,171 against the FMR to determine if there is a premium or discount.

• If the market rent is above $2660, then the answer is It Depends. While the property could potentially command higher rents from non-Section 8 tenants, it does not affect the eligibility for Section 8 subsidies directly. Landlords need to consider whether they want to cater exclusively to Section 8 tenants or seek a broader rental market.
• If the market rent is at or below $2660, then the answer is Yes. This indicates that the FMR is competitive with market rates, making Section 8 an attractive option for both affordability and stability.

Step 3: Assess the demand for rental properties by looking at the percentage of renters (16.9%) and the number of days on the market (DOM).

• If the DOM is low, indicating quick turnover of rental listings, and the renter percentage is high, then the answer is Yes. There is a strong demand for rental units, which supports the viability of Section 8 properties in the area.
• If the DOM is high, suggesting slow turnover of rental listings, then the answer is No. High DOM values indicate weak demand, making it difficult to fill vacancies even with Section 8 subsidies.
• If the DOM data is not available, then the answer is It Depends. Without DOM information, the decision hinges on the 16.9% renter population and other qualitative factors such as neighborhood desirability and competition from other landlords.

The decision tree outlined above provides a clear framework for evaluating the potential of ZIP 11764 for Section 8 investments. It relies on the given data points to guide landlords and small-portfolio investors toward informed decisions.

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.