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Putnam County/Cold Spring/10516

10516

ZIPSAFMR
Putnam County, NY
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$2,440$2,680
1 BR$2,570$2,770
2 BR$2,800$3,080
3 BR$3,540$3,890
4 BR$3,880$4,270
5 BR$4,462Not available
6 BR$5,131Not available
7 BR$5,901Not available
8 BR$6,786Not available

Purchase Price Calculator

Maximum purchase price
$395,770

Cost breakdown

+Likely effective rent$3,080
HUD FMR$2,800
Market rent$3,880
Est. payment standard (110%)Used$3,080
-Principal and interest-$2,001
Loan amount$316,616
Down payment$79,154
Rate6.50%
Term30 years
-Operating costs-$879
Property taxes-$396
Insurance-$175
Utilities$0
HOA$0
Management-$308
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,975(61.9% ROI)
Projected value
$426,201
Return breakdown
Property appreciation+$30,431
Loan principal paid down+$11,344
Rental cash flow+$7,200
5-year hold
+$84,236(106.4% ROI)
Projected value
$447,778
Return breakdown
Property appreciation+$52,007
Loan principal paid down+$20,229
Rental cash flow+$12,000
10-year hold
+$183,050(231.3% ROI)
Projected value
$506,619
Return breakdown
Property appreciation+$110,849
Loan principal paid down+$48,201
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.90
2 BR
0.72
3 BR
0.82
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10516 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10516 (Cold Spring, NY) is $2,800 a month. That is up 1.8% from $2,750 in FY 2026. Cold Spring 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 18 ZIP codes in Putnam County, 10516 has the 9th-highest two-bedroom rent (county range $2,620–$3,960). The median county two-bedroom FMR in New York is $1,385, so ZIP 10516 is 102% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10516
BedroomsFY 2027Change90–110% range
Studio$2,440+2.1%$2,196–$2,684
1BR$2,570+2.4%$2,313–$2,827
2BR$2,800+1.8%$2,520–$3,080
3BR$3,540+2.9%$3,186–$3,894
4BR$3,880+3.7%$3,492–$4,268

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10516
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,440$2,570$2,800$3,540$3,880
FY 2026$2,390$2,510$2,750$3,440$3,740
FY 2025$2,290$2,390$2,650$3,300$3,560
FY 2024$2,350$2,410$2,710$3,380$3,640
FY 2023$2,120$2,170$2,450$3,080$3,320

Two-bedroom rent in nearby Putnam County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10516
10505$2,620−6.4%
10509$2,840+1.4%
10512$2,620−6.4%
10516Current$2,800—
10524$3,960+41.4%
10537$3,600+28.6%
10541$3,030+8.2%
10542$2,840+1.4%
10560$3,500+25.0%
10567$3,110+11.1%
10579$3,860+37.9%
10588$2,620−6.4%

Questions about ZIP 10516 rents

How much will Section 8 pay for a two-bedroom in ZIP 10516?

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 $2,800 it would be $2,520 to $3,080. 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 10516 in?

ZIP 10516 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 10516 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,750 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 14.3%.

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