ZIP 10502 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 10502 in the New York, NY FMR area.

$3,110Efficiency
$3,2701 bedroom
$3,5602 bedrooms
$4,5103 bedrooms
$4,9404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$3,110$2,799$3,421$2,593
1 bedroom$3,270$2,943$3,597$2,729
2 bedrooms$3,560$3,204$3,916$2,971
3 bedrooms$4,510$4,059$4,961$3,760
4 bedrooms$4,940$4,446$5,434$4,121

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 10502

$236,707average adjusted gross income per tax return (2022)
$162,274average salaries and wages per return
2,850tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00016.5%
$25,000 to $50,0008.8%
$50,000 to $75,0008.1%
$75,000 to $100,0008.1%
$100,000 to $200,00021.8%
$200,000 or more36.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 10502?

HUD's FY2027 Small Area FMRs for ZIP 10502 (New York, NY) are $3,110 efficiency, $3,270 one bedroom, $3,560 two bedrooms, $4,510 three and $4,940 four bedrooms.

What payment standard can a housing authority set in ZIP 10502?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,204 to $3,916.

How affordable is rent in ZIP 10502?

Tax returns filed from ZIP 10502 reported an average adjusted gross income of $236,707 (2022). A two-bedroom unit at the Small Area FMR costs $42,720 a year, or 18% of that income.