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Westchester County/Montrose/10548

10548

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$2,760$2,120
1 BR$2,900$2,480
2 BR$3,160$3,140
3 BR$4,000$3,770
4 BR$4,380$4,740
5 BR$5,037Not available
6 BR$5,793Not available
7 BR$6,661Not available
8 BR$7,661Not available

Purchase Price Calculator

Maximum purchase price
$404,686

Cost breakdown

+Likely effective rent$3,140
HUD FMR$3,160
Market rentUsed$3,140
Est. payment standard (100%)$3,150
-Principal and interest-$2,046
Loan amount$323,749
Down payment$80,937
Rate6.50%
Term30 years
-Operating costs-$894
Property taxes-$405
Insurance-$175
Utilities$0
HOA$0
Management-$314
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,916(61.7% ROI)
Projected value
$435,803
Return breakdown
Property appreciation+$31,117
Loan principal paid down+$11,599
Rental cash flow+$7,200
5-year hold
+$85,863(106.1% ROI)
Projected value
$457,865
Return breakdown
Property appreciation+$53,179
Loan principal paid down+$20,684
Rental cash flow+$12,000
10-year hold
+$186,633(230.6% ROI)
Projected value
$518,033
Return breakdown
Property appreciation+$113,346
Loan principal paid down+$49,287
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.17
2 BR
1.01
3 BR
1.06
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10548 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10548 (Montrose, NY) is $3,160 a month. That is up 14.5% from $2,760 in FY 2026. Montrose 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, 10548 has the 48th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10548 is 128% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10548
BedroomsFY 2027Change90–110% range
Studio$2,760+15.0%$2,484–$3,036
1BR$2,900+15.1%$2,610–$3,190
2BR$3,160+14.5%$2,844–$3,476
3BR$4,000+15.6%$3,600–$4,400
4BR$4,380+16.5%$3,942–$4,818

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10548
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,760$2,900$3,160$4,000$4,380
FY 2026$2,400$2,520$2,760$3,460$3,760
FY 2025$2,040$2,130$2,360$2,940$3,170
FY 2024$1,370$1,600$1,950$2,390$2,600
FY 2023$1,220$1,410$1,700$2,140$2,420

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10548
10540$3,530+11.7%
10541$3,030−4.1%
10543$3,300+4.4%
10545$3,330+5.4%
10546$3,670+16.1%
10547$3,540+12.0%
10548Current$3,160—
10549$2,750−13.0%
10550$2,860−9.5%
10551$3,020−4.4%
10552$2,770−12.3%
10553$2,790−11.7%

Questions about ZIP 10548 rents

How much will Section 8 pay for a two-bedroom in ZIP 10548?

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 $3,160 it would be $2,844 to $3,476. 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 10548 in?

ZIP 10548 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 10548 for FY 2027?

The two-bedroom FMR rose 14.5%, from $2,760 in FY 2026 to $3,160 in FY 2027. Since FY 2023 it has risen 85.9%.

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