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NY/Erie County/Hamburg

Hamburg, NY

CitySAFMR
Erie County
Found 1 ZIP

City Median Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,160
1 BR$1,380$1,230
2 BR$1,630$1,790
3 BR$1,980$2,180
4 BR$2,270$2,500
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,630
Market rent$1,980
Est. payment standard (110%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.12
2 BR
0.82
3 BR
0.79
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Hamburg, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hamburg, NY is $1,630 a month. That is up 7.2% from $1,520 in FY 2026. Hamburg is in the Buffalo-Cheektowaga, NY MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New York is $1,385, so Hamburg is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Hamburg, NY
BedroomsFY 2027Change90–110% range
Studio$1,350+8.0%$1,215–$1,485
1BR$1,380+7.0%$1,242–$1,518
2BR$1,630+7.2%$1,467–$1,793
3BR$1,980+6.5%$1,782–$2,178
4BR$2,270+7.1%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Hamburg, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,380$1,630$1,980$2,270
FY 2026$1,250$1,290$1,520$1,860$2,120
FY 2025$1,060$1,100$1,290$1,580$1,780
FY 2024$1,050$1,100$1,290$1,580$1,780
FY 2023$970$1,010$1,190$1,460$1,640

Questions about Hamburg, NY rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 a month. 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 Hamburg, NY in?

Hamburg, NY is in the Buffalo-Cheektowaga, NY MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR rose 7.2%, from $1,520 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 37.0%.

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