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NY/Queens County/South Ozone Park

South Ozone Park, NY

CitySAFMR
Queens County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$2,800$1,990
1 BR$2,950$2,040
2 BR$3,210$2,710
3 BR$4,060$3,300
4 BR$4,450$3,560
5 BR$5,118Not available
6 BR$5,885Not available
7 BR$6,768Not available
8 BR$7,783Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$3,210
Market rentUsed$2,710
Est. payment standard (90%)$2,890
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.41
1 BR
1.45
2 BR
1.18
3 BR
1.23
4 BR
1.25
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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South Ozone Park, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Ozone Park, NY is $3,210 a month. That is up 1.9% from $3,150 in FY 2026. South Ozone Park 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 South Ozone Park is 132% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for South Ozone Park, NY
BedroomsFY 2027Change90–110% range
Studio$2,800+2.2%$2,520–$3,080
1BR$2,950+2.8%$2,655–$3,245
2BR$3,210+1.9%$2,889–$3,531
3BR$4,060+3.0%$3,654–$4,466
4BR$4,450+3.7%$4,005–$4,895

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for South Ozone Park, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,800$2,950$3,210$4,060$4,450
FY 2026$2,740$2,870$3,150$3,940$4,290
FY 2025$2,590$2,700$2,990$3,730$4,020
FY 2024$2,530$2,600$2,920$3,640$3,930
FY 2023$2,150$2,200$2,480$3,110$3,360

Questions about South Ozone Park, NY rents

How much will Section 8 pay for a two-bedroom in South Ozone Park, 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 $3,210 it would be $2,889 to $3,531. 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 South Ozone Park, NY in?

South Ozone Park, 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 South Ozone Park, NY for FY 2027?

The two-bedroom FMR rose 1.9%, from $3,150 in FY 2026 to $3,210 in FY 2027. Since FY 2023 it has risen 29.4%.

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