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HUD data

Qualified Census Tracts in New York (2026)

HUD's New York QCT map — the tracts that qualify for LIHTC's 30% basis boost and concentrate Housing Choice Voucher demand, county by county.
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New York Qualified Census Tracts — FAQs

What is a Qualified Census Tract in New York?

A Qualified Census Tract (QCT) is a HUD-designated census tract where at least half of households earn below 60% of Area Median Income, or where the poverty rate is 25% or higher. HUD publishes the New York designations each year.

Why does QCT status matter to investors?

A LIHTC development located in a QCT is eligible for a 30% basis boost, which increases the credits available for the project. QCTs also tend to concentrate voucher-holding households, which is why Section 8 investors watch them.

Is a QCT the same as a Difficult Development Area?

No. A QCT is based on income and poverty concentration, while a Difficult Development Area (DDA) is based on high construction, land, and utility costs relative to area incomes. Both can qualify a LIHTC project for the same 30% basis boost.

Can you finance a rental inside a New York QCT?

Yes — business-purpose loans on non-owner-occupied property are underwritten on the property and the borrower's experience, not on tract designation. Property condition, rent documentation, and market liquidity still drive the terms available, subject to lender approval.

Local market news & updates

What the latest published data says about New York

Every update below is a published figure from a named federal source, shown with the exact period that source covers. Where a dataset is only produced at county or state level, it is labelled that way rather than presented as city data. These are market statistics for informational purposes only — they are not rates, loan terms, or an offer of credit.

  • State dataData through ACS estimates, ACS 5-Year 2023

    New York housing costs — ACS estimates, ACS 5-Year 2023

    The most recent published Census reading for New York shows a median owner-occupied home value of $403,000, a median gross rent of $1,576 per month, a two-bedroom median rent of $1,574, a three-bedroom median rent of $1,767. These are survey estimates for the period shown, not live listing prices, and they are the starting point investors use to sanity-check a rent assumption before underwriting a DSCR file.

    Source: U.S. Census Bureau, American Community Survey

  • State dataData through ACS estimates, ACS 5-Year 2023

    New York renter demand indicators — ACS estimates, ACS 5-Year 2023

    Census reports a population of 19,872,319, a median household income of $84,578, a rental vacancy estimate of 10.2% for New York. Income and vacancy set the practical ceiling on achievable rent, which is what a DSCR calculation is ultimately built on.

    Source: U.S. Census Bureau, American Community Survey

Source periods represented above: ACS estimates, ACS 5-Year 2023. Each figure updates only when its publisher releases a new period — we never restamp an older reading with a newer date.

Informational market data only. Nothing in this section is a rate, an annual percentage rate, a payment, a loan term, an approval, or an offer or commitment to lend. Citing a federal dataset does not imply the agency endorses, sponsors or is affiliated with Simply Approved Mortgages LLC (NMLS #2620881). Financing referenced on this page is business-purpose investment property financing.

Buying in a New York QCT?

Send the address and we'll pull the FMR, confirm QCT status, and reply with DSCR pricing feedback.

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Simply Approved Mortgages Expert Insight

How We Evaluate This Scenario

A DSCR file is judged on the property, not your tax returns: qualifying rent divided by PITIA — principal, interest, taxes, insurance, plus HOA and flood where they apply. Most programs use the lesser of the in-place lease rent and the appraiser's market rent, so a lease signed below market usually caps the ratio no matter how strong the comps look.

Three inputs move the outcome more than anything else: rent support on the appraiser's rent schedule (Form 1007 or 1025), the LTV tier, and the credit tier. Dropping leverage by five points or moving up a FICO band frequently changes pricing more than shopping a different lender does.

Before you write an offer, price taxes and insurance at post-sale levels rather than the seller's current bill. In reassess-on-transfer states and in coastal insurance markets, that single adjustment is the most common reason a deal that penciled at contract fails the ratio at underwriting.

Reviewed by Simply Approved Mortgages · NMLS #2620881. Business-purpose investor lending only.

Investor pre-approval

Get your personalized investor loan quote

Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.

Pick a loan type

You can change this any time.

Tell us about your scenario

The form below is tailored to DSCR rental loan — only the questions your program needs.

1
Scenario
2
Contact
3
Results

Step 1 of 3 — your deal and numbers. No contact details yet.

Your deal — the basics

Purchase or refinance a rental. The property's rent qualifies the loan.

What's your goal?
Purchase price ($)$450,000
$
Down payment (%)20%
%
Monthly rent ($)$2,800
$
HUD Fair Market Rent for your ZIP — ballpark only. Get a precise market rent after you submit.
Estimated credit rating

Your best estimate — final eligibility is confirmed during underwriting.

Optional — but worth 60 seconds

Fine-tune your numbers and unlock your instant pre-assessment.

Everything below is optional. The more you share, the more accurate your DSCR, LTV and pre-qualification result on the next step — and the faster your loan officer can quote you.

Purchase or refinance a rental. The property's rent qualifies the loan.

Listing URL — optional

If you paste a Zillow, Redfin, Realtor.com, or MLS URL we'll auto-fill price, address, city, state, and ZIP. You can leave this blank and enter the property details manually.

Type the address — or paste a listing URL above and we'll fill it in for you. We use it for a precise property value and rent estimate after you submit.

Loan amount
$360,000
Down payment
$90,000

We're using typical local estimates for now — open this only if you want the pre-check to use your exact numbers.

This scenario has real hurdles — talk to us about options.
Estimated DSCR: 0.89
Estimated LTV: 80%

Estimated DSCR 0.89 is below the DSCR rental loan floor of 1.00.

Credit & pre-approval

Why we pull credit for your investor loan pre-approval

Every DSCR / business-purpose loan file needs a tri-merge credit report so we can verify identity, price your rate tier accurately, and confirm reserves and payment history for the underwriter. Cleaner credit typically unlocks a better rate and higher leverage.

Pay for your credit report — SmartPay

Simply Approved Mortgages uses MeridianLink SmartPay to securely collect the credit report fee for your investor pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks your tri-merge report (Equifax, Experian, TransUnion) so your loan officer can price your file.

  • Secure, PCI-compliant checkout hosted by MeridianLink
  • Required for a formal investor pre-approval decision
  • Soft-touch process — your loan officer will guide you through it
Pay for credit report securely

You'll be redirected to cic.cra.xedalink.net (SmartPay).

Check your credit first — $1 trial at MyITINCredit

Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.

  • See all 3 bureau reports & scores before your lender does
  • Ongoing monitoring alerts you to new accounts or score changes
  • Fix errors early — cleaner credit can widen your investor loan options
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Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages does not profit from the credit pull. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.

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