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NY/Suffolk County/Amagansett

Amagansett, NY

CitySAFMR
Suffolk County
Found 1 ZIP

City Median Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$2,390$2,630
1 BR$2,780$3,060
2 BR$3,270$3,600
3 BR$4,210$4,630
4 BR$4,470$4,920
5 BR$5,141Not available
6 BR$5,912Not available
7 BR$6,798Not available
8 BR$7,818Not available

Purchase Price Calculator

Maximum purchase price
$473,042

Cost breakdown

+Likely effective rent$3,600
HUD FMR$3,270
Market rent$13,040
Est. payment standard (110%)Used$3,600
-Principal and interest-$2,392
Loan amount$378,434
Down payment$94,608
Rate6.50%
Term30 years
-Operating costs-$1,008
Property taxes-$473
Insurance-$175
Utilities$0
HOA$0
Management-$360
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,131(60.4% ROI)
Projected value
$509,415
Return breakdown
Property appreciation+$36,372
Loan principal paid down+$13,558
Rental cash flow+$7,200
5-year hold
+$98,340(103.9% ROI)
Projected value
$535,204
Return breakdown
Property appreciation+$62,162
Loan principal paid down+$24,178
Rental cash flow+$12,000
10-year hold
+$214,104(226.3% ROI)
Projected value
$605,534
Return breakdown
Property appreciation+$132,492
Loan principal paid down+$57,612
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.25
1 BR
0.22
2 BR
0.25
3 BR
0.35
4 BR
0.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Amagansett, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Amagansett, NY is $3,270 a month. That is down 3.8% from $3,400 in FY 2026. Amagansett is in the Nassau-Suffolk, NY HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,689. The median county two-bedroom FMR in New York is $1,385, so Amagansett is 136% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Amagansett, NY
BedroomsFY 2027Change90–110% range
Studio$2,390−3.2%$2,151–$2,629
1BR$2,780−5.4%$2,502–$3,058
2BR$3,270−3.8%$2,943–$3,597
3BR$4,210−4.3%$3,789–$4,631
4BR$4,470−4.1%$4,023–$4,917

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Amagansett, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,390$2,780$3,270$4,210$4,470
FY 2026$2,470$2,940$3,400$4,400$4,660
FY 2025$2,300$2,780$3,220$4,170$4,470
FY 2024$1,700$2,130$2,490$3,220$3,500
FY 2023$1,520$1,890$2,270$2,920$3,210

Questions about Amagansett, NY rents

How much will Section 8 pay for a two-bedroom in Amagansett, NY?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $3,270 it would be $2,943 to $3,597. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Amagansett, NY in?

Amagansett, NY is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.

How much did fair market rent change in Amagansett, NY for FY 2027?

The two-bedroom FMR fell 3.8%, from $3,400 in FY 2026 to $3,270 in FY 2027. Since FY 2023 it has risen 44.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set