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Westchester County/Elmsford/10523

10523

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$3,890$2,170
1 BR$4,100$2,630
2 BR$4,460$3,420
3 BR$5,640$4,900
4 BR$6,190$6,810
5 BR$7,118Not available
6 BR$8,186Not available
7 BR$9,414Not available
8 BR$10,826Not available

Purchase Price Calculator

Maximum purchase price
$446,294

Cost breakdown

+Likely effective rent$3,420
HUD FMR$4,460
Market rentUsed$3,420
Est. payment standard (90%)$4,010
-Principal and interest-$2,257
Loan amount$357,035
Down payment$89,259
Rate6.50%
Term30 years
-Operating costs-$963
Property taxes-$446
Insurance-$175
Utilities$0
HOA$0
Management-$342
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,308(60.8% ROI)
Projected value
$480,610
Return breakdown
Property appreciation+$34,316
Loan principal paid down+$12,792
Rental cash flow+$7,200
5-year hold
+$93,458(104.7% ROI)
Projected value
$504,941
Return breakdown
Property appreciation+$58,647
Loan principal paid down+$22,811
Rental cash flow+$12,000
10-year hold
+$203,355(227.8% ROI)
Projected value
$571,294
Return breakdown
Property appreciation+$125,000
Loan principal paid down+$54,355
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.79
1 BR
1.56
2 BR
1.30
3 BR
1.15
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 10523 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10523 (Elmsford, NY) is $4,460 a month. That is up 2.1% from $4,370 in FY 2026. Elmsford 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, 10523 is tied for the highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10523 is 222% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10523
BedroomsFY 2027Change90–110% range
Studio$3,890+2.4%$3,501–$4,279
1BR$4,100+2.8%$3,690–$4,510
2BR$4,460+2.1%$4,014–$4,906
3BR$5,640+3.1%$5,076–$6,204
4BR$6,190+4.0%$5,571–$6,809

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10523
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,890$4,100$4,460$5,640$6,190
FY 2026$3,800$3,990$4,370$5,470$5,950
FY 2025$3,610$3,770$4,170$5,200$5,610
FY 2024$2,450$2,880$3,500$4,290$4,660
FY 2023$2,100$2,440$2,970$3,680$4,070

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10523
10514$4,110−7.8%
10517$2,620−41.3%
10518$3,980−10.8%
10519$3,330−25.3%
10520$2,950−33.9%
10521$3,020−32.3%
10522$3,650−18.2%
10523Current$4,460—
10526$3,490−21.7%
10527$3,690−17.3%
10528$4,160−6.7%
10530$3,570−20.0%

Questions about ZIP 10523 rents

How much will Section 8 pay for a two-bedroom in ZIP 10523?

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 $4,460 it would be $4,014 to $4,906. 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 10523 in?

ZIP 10523 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 10523 for FY 2027?

The two-bedroom FMR rose 2.1%, from $4,370 in FY 2026 to $4,460 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 rentElmsford, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources