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Westchester County/Cross River/10518

10518

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$3,470$2,310
1 BR$3,660$2,880
2 BR$3,980$4,160
3 BR$5,040$5,540
4 BR$5,520$6,070
5 BR$6,348Not available
6 BR$7,300Not available
7 BR$8,395Not available
8 BR$9,655Not available

Purchase Price Calculator

Maximum purchase price
$556,258

Cost breakdown

+Likely effective rent$4,160
HUD FMR$3,980
Market rent$4,250
Est. payment standard (104%)Used$4,160
-Principal and interest-$2,813
Loan amount$445,006
Down payment$111,252
Rate6.50%
Term30 years
-Operating costs-$1,147
Property taxes-$556
Insurance-$175
Utilities$0
HOA$0
Management-$416
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$65,915(59.2% ROI)
Projected value
$599,029
Return breakdown
Property appreciation+$42,771
Loan principal paid down+$15,943
Rental cash flow+$7,200
5-year hold
+$113,528(102.0% ROI)
Projected value
$629,355
Return breakdown
Property appreciation+$73,097
Loan principal paid down+$28,432
Rental cash flow+$12,000
10-year hold
+$247,546(222.5% ROI)
Projected value
$712,057
Return breakdown
Property appreciation+$155,799
Loan principal paid down+$67,747
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.50
1 BR
1.27
2 BR
0.94
3 BR
0.83
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10518 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10518 (Cross River, NY) is $3,980 a month. That is unchanged from FY 2026. Cross River 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, 10518 is tied for the 8th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10518 is 187% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10518
BedroomsFY 2027Change90–110% range
Studio$3,470+0.3%$3,123–$3,817
1BR$3,660+0.5%$3,294–$4,026
2BR$3,9800.0%$3,582–$4,378
3BR$5,040+1.0%$4,536–$5,544
4BR$5,520+1.8%$4,968–$6,072

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10518
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,470$3,660$3,980$5,040$5,520
FY 2026$3,460$3,640$3,980$4,990$5,420
FY 2025$3,320$3,470$3,840$4,790$5,160
FY 2024$2,330$2,740$3,330$4,080$4,430
FY 2023$1,880$2,180$2,650$3,290$3,640

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10518
10509$2,840−28.6%
10510$3,9800.0%
10511$2,770−30.4%
10514$4,110+3.3%
10517$2,620−34.2%
10518Current$3,980—
10519$3,330−16.3%
10520$2,950−25.9%
10521$3,020−24.1%
10522$3,650−8.3%
10523$4,460+12.1%
10526$3,490−12.3%

Questions about ZIP 10518 rents

How much will Section 8 pay for a two-bedroom in ZIP 10518?

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 $3,980 it would be $3,582 to $4,378. 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 10518 in?

ZIP 10518 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 10518 for FY 2027?

The two-bedroom FMR was unchanged at $3,980 in FY 2027. Since FY 2023 it has risen 50.2%.

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