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Section 8 rent in New York, NY

FY2025 HUD Small Area Fair Market Rents for the New York, NY HUD Metro FMR Area, covering 411 ZIP codes.

$3,092Avg 2BR FMR / mo
$3,402Avg 2BR at 110% Standard
411ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$1,930$2,674$3,610$2,941
1 Bedroom$2,010$2,788$3,770$3,067
2 Bedrooms$2,340$3,092$4,170$3,402
3 Bedrooms$2,870$3,858$5,200$4,243
4 Bedrooms$3,110$4,160$5,610$4,576

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$6,184$74,208
Triplex3 × 2BR$9,276$111,312
Fourplex4 × 2BR$12,368$148,416
Fourplex4 × 3BR$15,432$185,184

Gross scheduled rent before vacancy, maintenance and management. Run any New York multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 411 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
10003 $3,770 $4,170 $5,200 $5,610
10005 $3,770 $4,170 $5,200 $5,610
10006 $3,770 $4,170 $5,200 $5,610
10012 $3,770 $4,170 $5,200 $5,610
10013 $3,770 $4,170 $5,200 $5,610
10014 $3,770 $4,170 $5,200 $5,610
10016 $3,770 $4,170 $5,200 $5,610
10017 $3,770 $4,170 $5,200 $5,610
10018 $3,770 $4,170 $5,200 $5,610
10021 $3,770 $4,170 $5,200 $5,610
10022 $3,770 $4,170 $5,200 $5,610
10028 $3,770 $4,170 $5,200 $5,610
10038 $3,770 $4,170 $5,200 $5,610
10044 $3,770 $4,170 $5,200 $5,610
10065 $3,770 $4,170 $5,200 $5,610

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
Est. mortgage payment (PITI)—
Est. monthly cash flow—

30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in New York, NY?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the New York, NY HUD Metro FMR Area is $3,092 per month, ranging from $2,340 to $4,170 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $3,402.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In New York, NY, 2-bedroom SAFMRs run from $2,340 to $4,170 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in New York?
RealG searches live listings across New York, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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