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Westchester County/Armonk/10504

10504

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,990$3,000
1 BR$3,150$3,330
2 BR$3,430$3,770
3 BR$4,340$4,770
4 BR$4,750$5,230
5 BR$5,463Not available
6 BR$6,282Not available
7 BR$7,224Not available
8 BR$8,308Not available

Purchase Price Calculator

Maximum purchase price
$498,304

Cost breakdown

+Likely effective rent$3,770
HUD FMR$3,430
Market rent$4,130
Est. payment standard (110%)Used$3,770
-Principal and interest-$2,520
Loan amount$398,643
Down payment$99,661
Rate6.50%
Term30 years
-Operating costs-$1,050
Property taxes-$498
Insurance-$175
Utilities$0
HOA$0
Management-$377
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,797(60.0% ROI)
Projected value
$536,619
Return breakdown
Property appreciation+$38,315
Loan principal paid down+$14,282
Rental cash flow+$7,200
5-year hold
+$102,951(103.3% ROI)
Projected value
$563,785
Return breakdown
Property appreciation+$65,481
Loan principal paid down+$25,469
Rental cash flow+$12,000
10-year hold
+$224,256(225.0% ROI)
Projected value
$637,871
Return breakdown
Property appreciation+$139,567
Loan principal paid down+$60,689
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.92
2 BR
0.83
3 BR
0.76
4 BR
0.54
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10504 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10504 (Armonk, NY) is $3,430 a month. That is down 8.8% from $3,760 in FY 2026. Armonk 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 86 ZIP codes in Westchester County, 10504 is tied for the 35th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10504 is 148% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10504
BedroomsFY 2027Change90–110% range
Studio$2,990−8.0%$2,691–$3,289
1BR$3,150−7.4%$2,835–$3,465
2BR$3,430−8.8%$3,087–$3,773
3BR$4,340−7.3%$3,906–$4,774
4BR$4,750−6.3%$4,275–$5,225

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10504
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,990$3,150$3,430$4,340$4,750
FY 2026$3,250$3,400$3,760$4,680$5,070
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

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10504
10501$3,860+12.5%
10502$3,560+3.8%
10503$3,850+12.2%
10504Current$3,430—
10505$2,620−23.6%
10506$4,460+30.0%
10507$2,930−14.6%
10509$2,840−17.2%
10510$3,980+16.0%
10511$2,770−19.2%
10514$4,110+19.8%
10517$2,620−23.6%

Questions about ZIP 10504 rents

How much will Section 8 pay for a two-bedroom in ZIP 10504?

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 $3,430 it would be $3,087 to $3,773. 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 10504 in?

ZIP 10504 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 10504 for FY 2027?

The two-bedroom FMR fell 8.8%, from $3,760 in FY 2026 to $3,430 in FY 2027. Since FY 2023 it has risen 12.8%.

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 rentArmonk, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources