| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,170 |
| 1 Bedroom | $2,260 |
| 2 Bedrooms | $2,510 |
| 3 Bedrooms | $3,120 |
| 4 Bedrooms | $3,370 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Market Overview: ZIP 11693 (Rockaway Peninsula) is a high-demand, rent-biased market driven by beachfront appeal and JFK proximity. Median 2BR sales hover near $525K, 3BR near $650K. Demand is seasonal—summer tourism spikes short-term rental yields, while year-round tenants favor stable, long-term leases. Infrastructure projects (e.g., ferry service upgrades) may lift future capital appreciation.
Median Sales Prices (ZIP 11693):
1% Rule Analysis:
Investment Potential: High rental demand from airport staff and beach visitors offsets the 1% shortfall. Summer short-term lets can yield 2-3× FMR, but vacancy risk is high in winter. Investors should weigh cash-flow vs. appreciation potential carefully.
Key Insights: 11693 is a cash-flow play, not a 1% rule play. Focus on short-term summer lets and long-term lease-up to airport workers. Winter vacancy risk is real—factor in 2-3 months of lost rent. Infrastructure upgrades (ferry, subway) could shift the balance toward appreciation. Consider rent-by-room strategies to boost yield, but factor in NYC's strict tenant laws.