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Putnam County/Lake Peekskill/10537

10537

ZIPSAFMR
Putnam County, NY
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$3,140$1,930
1 BR$3,310$2,310
2 BR$3,600$3,270
3 BR$4,560$4,010
4 BR$4,990$4,970
5 BR$5,739Not available
6 BR$6,599Not available
7 BR$7,589Not available
8 BR$8,728Not available

Purchase Price Calculator

Maximum purchase price
$424,004

Cost breakdown

+Likely effective rent$3,270
HUD FMR$3,600
Market rentUsed$3,270
Est. payment standard (94%)$3,390
-Principal and interest-$2,144
Loan amount$339,203
Down payment$84,801
Rate6.50%
Term30 years
-Operating costs-$926
Property taxes-$424
Insurance-$175
Utilities$0
HOA$0
Management-$327
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,955(61.3% ROI)
Projected value
$456,606
Return breakdown
Property appreciation+$32,602
Loan principal paid down+$12,153
Rental cash flow+$7,200
5-year hold
+$89,389(105.4% ROI)
Projected value
$479,722
Return breakdown
Property appreciation+$55,718
Loan principal paid down+$21,672
Rental cash flow+$12,000
10-year hold
+$194,397(229.2% ROI)
Projected value
$542,761
Return breakdown
Property appreciation+$118,757
Loan principal paid down+$51,640
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.63
1 BR
1.43
2 BR
1.10
3 BR
1.14
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10537 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10537 (Lake Peekskill, NY) is $3,600 a month. That is up 2.6% from $3,510 in FY 2026. Lake Peekskill 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, 10537 has the 3rd-highest two-bedroom rent (county range $2,620–$3,960). The median county two-bedroom FMR in New York is $1,385, so ZIP 10537 is 160% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10537
BedroomsFY 2027Change90–110% range
Studio$3,140+3.0%$2,826–$3,454
1BR$3,310+3.4%$2,979–$3,641
2BR$3,600+2.6%$3,240–$3,960
3BR$4,560+3.6%$4,104–$5,016
4BR$4,990+4.4%$4,491–$5,489

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10537
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,140$3,310$3,600$4,560$4,990
FY 2026$3,050$3,200$3,510$4,400$4,780
FY 2025$3,030$3,160$3,500$4,360$4,710
FY 2024$3,100$3,180$3,570$4,450$4,800
FY 2023$2,660$2,750$3,130$3,930$4,240

Two-bedroom rent in nearby Putnam County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10537
10505$2,620−27.2%
10509$2,840−21.1%
10512$2,620−27.2%
10516$2,800−22.2%
10524$3,960+10.0%
10537Current$3,600—
10541$3,030−15.8%
10542$2,840−21.1%
10560$3,500−2.8%
10567$3,110−13.6%
10579$3,860+7.2%
10588$2,620−27.2%

Questions about ZIP 10537 rents

How much will Section 8 pay for a two-bedroom in ZIP 10537?

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 $3,600 it would be $3,240 to $3,960. 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 10537 in?

ZIP 10537 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 10537 for FY 2027?

The two-bedroom FMR rose 2.6%, from $3,510 in FY 2026 to $3,600 in FY 2027. Since FY 2023 it has risen 15.0%.

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