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NY/Cortland County/Blodgett Mills

Blodgett Mills, NY

CitySAFMR
Cortland County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$930$920
1 BR$930$970
2 BR$1,160$1,190
3 BR$1,460$1,610
4 BR$1,940$2,130
5 BR$2,231Not available
6 BR$2,566Not available
7 BR$2,950Not available
8 BR$3,393Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,160
Market rent$1,210
Est. payment standard (103%)Used$1,190
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
0.94
2 BR
0.96
3 BR
0.69
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Blodgett Mills, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Blodgett Mills, NY is $1,160 a month. That is unchanged from FY 2026. Blodgett Mills is in the Cortland County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,171. The median county two-bedroom FMR in New York is $1,385, so Blodgett Mills is 16% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Blodgett Mills, NY
BedroomsFY 2027Change90–110% range
Studio$930+1.1%$837–$1,023
1BR$9300.0%$837–$1,023
2BR$1,1600.0%$1,044–$1,276
3BR$1,4600.0%$1,314–$1,606
4BR$1,940−0.5%$1,746–$2,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Blodgett Mills, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$930$1,160$1,460$1,940
FY 2026$920$930$1,160$1,460$1,950
FY 2025$880$890$1,100$1,370$1,840
FY 2024area FMR$800$805$992$1,215$1,683
FY 2023area FMR$775$780$947$1,153$1,613

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Blodgett Mills, NY rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,171, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,054 to $1,288 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 Blodgett Mills, NY in?

Blodgett Mills, NY is in the Cortland County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,171.

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

The two-bedroom FMR was unchanged at $1,160 in FY 2027. Since FY 2025 it has risen 5.5%.

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