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NY/St. Lawrence County/Chippewa Bay

Chippewa Bay, NY

CitySAFMR
St. Lawrence County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$860$860
2 BR$1,130$1,130
3 BR$1,350$1,350
4 BR$1,490$1,490
5 BR$1,713Not available
6 BR$1,971Not available
7 BR$2,266Not available
8 BR$2,606Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMRUsed$1,130
Market rentN/A
Est. payment standardN/A
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Chippewa Bay, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chippewa Bay, NY is $1,130 a month. That is down 0.9% from $1,140 in FY 2026. Chippewa Bay is in the St. Lawrence 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 $1,041. The median county two-bedroom FMR in New York is $1,385, so Chippewa Bay is 18% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Chippewa Bay, NY
BedroomsFY 2027Change90–110% range
Studio$7900.0%$711–$869
1BR$860−1.1%$774–$946
2BR$1,130−0.9%$1,017–$1,243
3BR$1,350−1.5%$1,215–$1,485
4BR$1,490−1.3%$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Chippewa Bay, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$860$1,130$1,350$1,490
FY 2026$790$870$1,140$1,370$1,510
FY 2025$770$860$1,100$1,330$1,460
FY 2024area FMR$661$763$940$1,152$1,252
FY 2023area FMR$646$742$909$1,133$1,223

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

Questions about Chippewa Bay, NY rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,041, which applies unless the housing authority uses Small Area FMRs, that basic range is $937 to $1,145 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 Chippewa Bay, NY in?

Chippewa Bay, NY is in the St. Lawrence County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,041.

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

The two-bedroom FMR fell 0.9%, from $1,140 in FY 2026 to $1,130 in FY 2027. Since FY 2025 it has risen 2.7%.

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