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Westchester County/Chappaqua/10514

10514

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$3,590$2,900
1 BR$3,780$2,970
2 BR$4,110$4,050
3 BR$5,200$5,230
4 BR$5,700$6,270
5 BR$6,555Not available
6 BR$7,538Not available
7 BR$8,669Not available
8 BR$9,969Not available

Purchase Price Calculator

Maximum purchase price
$539,912

Cost breakdown

+Likely effective rent$4,050
HUD FMR$4,110
Market rentUsed$4,050
Est. payment standard (99%)$4,070
-Principal and interest-$2,730
Loan amount$431,929
Down payment$107,982
Rate6.50%
Term30 years
-Operating costs-$1,120
Property taxes-$540
Insurance-$175
Utilities$0
HOA$0
Management-$405
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,189(59.4% ROI)
Projected value
$581,426
Return breakdown
Property appreciation+$41,514
Loan principal paid down+$15,475
Rental cash flow+$7,200
5-year hold
+$110,545(102.4% ROI)
Projected value
$610,861
Return breakdown
Property appreciation+$70,949
Loan principal paid down+$27,596
Rental cash flow+$12,000
10-year hold
+$240,977(223.2% ROI)
Projected value
$691,133
Return breakdown
Property appreciation+$151,221
Loan principal paid down+$65,756
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
1.27
2 BR
1.01
3 BR
0.99
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10514 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10514 (Chappaqua, NY) is $4,110 a month. That is down 2.1% from $4,200 in FY 2026. Chappaqua 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, 10514 has the 6th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10514 is 197% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10514
BedroomsFY 2027Change90–110% range
Studio$3,590−1.6%$3,231–$3,949
1BR$3,780−1.3%$3,402–$4,158
2BR$4,110−2.1%$3,699–$4,521
3BR$5,200−1.1%$4,680–$5,720
4BR$5,700−0.2%$5,130–$6,270

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10514
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,590$3,780$4,110$5,200$5,700
FY 2026$3,650$3,830$4,200$5,260$5,710
FY 2025$3,440$3,590$3,980$4,960$5,350
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. 10514
10506$4,460+8.5%
10507$2,930−28.7%
10509$2,840−30.9%
10510$3,980−3.2%
10511$2,770−32.6%
10514Current$4,110—
10517$2,620−36.3%
10518$3,980−3.2%
10519$3,330−19.0%
10520$2,950−28.2%
10521$3,020−26.5%
10522$3,650−11.2%

Questions about ZIP 10514 rents

How much will Section 8 pay for a two-bedroom in ZIP 10514?

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 $4,110 it would be $3,699 to $4,521. 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 10514 in?

ZIP 10514 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 10514 for FY 2027?

The two-bedroom FMR fell 2.1%, from $4,200 in FY 2026 to $4,110 in FY 2027. Since FY 2023 it has risen 35.2%.

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