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New York County/New York/10027

10027

ZIPSAFMR
New York County, NY
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$2,470$2,720
1 BR$2,600$2,860
2 BR$2,830$3,110
3 BR$3,580$3,940
4 BR$3,930$4,320
5 BR$4,520Not available
6 BR$5,197Not available
7 BR$5,977Not available
8 BR$6,874Not available

Purchase Price Calculator

Maximum purchase price
$400,228

Cost breakdown

+Likely effective rent$3,110
HUD FMR$2,830
Market rent$4,540
Est. payment standard (110%)Used$3,110
-Principal and interest-$2,024
Loan amount$320,183
Down payment$80,046
Rate6.50%
Term30 years
-Operating costs-$886
Property taxes-$400
Insurance-$175
Utilities$0
HOA$0
Management-$311
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,445(61.8% ROI)
Projected value
$431,002
Return breakdown
Property appreciation+$30,774
Loan principal paid down+$11,471
Rental cash flow+$7,200
5-year hold
+$85,050(106.3% ROI)
Projected value
$452,822
Return breakdown
Property appreciation+$52,593
Loan principal paid down+$20,457
Rental cash flow+$12,000
10-year hold
+$184,842(230.9% ROI)
Projected value
$512,326
Return breakdown
Property appreciation+$112,098
Loan principal paid down+$48,744
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.72
2 BR
0.62
3 BR
0.58
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10027 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10027 (New York, NY) is $2,830 a month. That is up 4.8% from $2,700 in FY 2026. New York 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. Among 128 ZIP codes in New York County, 10027 is tied for the 118th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10027 is 104% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10027
BedroomsFY 2027Change90–110% range
Studio$2,470+5.1%$2,223–$2,717
1BR$2,600+5.7%$2,340–$2,860
2BR$2,830+4.8%$2,547–$3,113
3BR$3,580+5.9%$3,222–$3,938
4BR$3,930+7.1%$3,537–$4,323

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10027
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,470$2,600$2,830$3,580$3,930
FY 2026$2,350$2,460$2,700$3,380$3,670
FY 2025$2,150$2,210$2,480$3,100$3,330
FY 2024$2,050$2,110$2,370$2,960$3,190
FY 2023$1,920$1,970$2,220$2,790$3,000

Two-bedroom rent in nearby New York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10027
10021$4,460+57.6%
10022$4,460+57.6%
10023$4,460+57.6%
10024$4,460+57.6%
10025$3,280+15.9%
10026$3,280+15.9%
10027Current$2,830—
10028$4,460+57.6%
10029$2,620−7.4%
10030$2,620−7.4%
10031$2,880+1.8%
10032$2,620−7.4%

Questions about ZIP 10027 rents

How much will Section 8 pay for a two-bedroom in ZIP 10027?

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 $2,830 it would be $2,547 to $3,113. 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 ZIP 10027 in?

ZIP 10027 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 ZIP 10027 for FY 2027?

The two-bedroom FMR rose 4.8%, from $2,700 in FY 2026 to $2,830 in FY 2027. Since FY 2023 it has risen 27.5%.

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

County fair market rentNew York, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources