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Somers, NY

CitySAFMR
Westchester County
Found 1 ZIP

City Median Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$3,420$2,280
1 BR$3,600$2,610
2 BR$3,940$3,570
3 BR$4,930$4,390
4 BR$5,360$5,630
5 BR$6,164Not available
6 BR$7,089Not available
7 BR$8,152Not available
8 BR$9,375Not available

Purchase Price Calculator

Maximum purchase price
$468,584

Cost breakdown

+Likely effective rent$3,570
HUD FMR$3,940
Market rentUsed$3,570
Est. payment standard (94%)$3,700
-Principal and interest-$2,369
Loan amount$374,867
Down payment$93,717
Rate6.50%
Term30 years
-Operating costs-$1,001
Property taxes-$469
Insurance-$175
Utilities$0
HOA$0
Management-$357
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,660(60.5% ROI)
Projected value
$504,614
Return breakdown
Property appreciation+$36,030
Loan principal paid down+$13,431
Rental cash flow+$7,200
5-year hold
+$97,526(104.1% ROI)
Projected value
$530,160
Return breakdown
Property appreciation+$61,576
Loan principal paid down+$23,950
Rental cash flow+$12,000
10-year hold
+$212,312(226.5% ROI)
Projected value
$599,827
Return breakdown
Property appreciation+$131,243
Loan principal paid down+$57,069
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.50
1 BR
1.38
2 BR
1.10
3 BR
1.12
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Somers, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Somers, NY is $3,940 a month. That is down 9.8% from $4,370 in FY 2026. Somers is in the New York, 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 $2,971. The median county two-bedroom FMR in New York is $1,385, so Somers is 184% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Somers, NY
BedroomsFY 2027Change90–110% range
Studio$3,420−10.0%$3,078–$3,762
1BR$3,600−9.8%$3,240–$3,960
2BR$3,940−9.8%$3,546–$4,334
3BR$4,930−9.9%$4,437–$5,423
4BR$5,360−9.9%$4,824–$5,896

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Somers, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,420$3,600$3,940$4,930$5,360
FY 2026$3,800$3,990$4,370$5,470$5,950
FY 2025$3,610$3,770$4,170$5,200$5,610
FY 2024$2,470$2,900$3,530$4,330$4,700
FY 2023$2,150$2,500$3,040$3,770$4,170

Questions about Somers, NY rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,971, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,674 to $3,268 a month; under the ZIP-level Small Area FMR of $3,940 it would be $3,546 to $4,334. 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 Somers, NY in?

Somers, NY is in the New York, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,971.

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

The two-bedroom FMR fell 9.8%, from $4,370 in FY 2026 to $3,940 in FY 2027. Since FY 2023 it has risen 29.6%.

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