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Westchester County/Mount Vernon/10553

10553

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$2,430$1,810
1 BR$2,560$2,490
2 BR$2,790$3,070
3 BR$3,530$3,670
4 BR$3,870$4,120
5 BR$4,451Not available
6 BR$5,118Not available
7 BR$5,886Not available
8 BR$6,769Not available

Purchase Price Calculator

Maximum purchase price
$394,284

Cost breakdown

+Likely effective rent$3,070
HUD FMR$2,790
Market rent$3,610
Est. payment standard (110%)Used$3,070
-Principal and interest-$1,994
Loan amount$315,427
Down payment$78,857
Rate6.50%
Term30 years
-Operating costs-$876
Property taxes-$394
Insurance-$175
Utilities$0
HOA$0
Management-$307
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,818(61.9% ROI)
Projected value
$424,601
Return breakdown
Property appreciation+$30,317
Loan principal paid down+$11,301
Rental cash flow+$7,200
5-year hold
+$83,965(106.5% ROI)
Projected value
$446,096
Return breakdown
Property appreciation+$51,812
Loan principal paid down+$20,153
Rental cash flow+$12,000
10-year hold
+$182,453(231.4% ROI)
Projected value
$504,717
Return breakdown
Property appreciation+$110,433
Loan principal paid down+$48,020
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.34
1 BR
1.03
2 BR
0.77
3 BR
0.94
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10553 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10553 (Mount Vernon, NY) is $2,790 a month. That is up 1.5% from $2,750 in FY 2026. Mount Vernon 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, 10553 has the 74th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10553 is 101% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10553
BedroomsFY 2027Change90–110% range
Studio$2,430+1.7%$2,187–$2,673
1BR$2,560+2.0%$2,304–$2,816
2BR$2,790+1.5%$2,511–$3,069
3BR$3,530+2.6%$3,177–$3,883
4BR$3,870+3.5%$3,483–$4,257

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10553
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,430$2,560$2,790$3,530$3,870
FY 2026$2,390$2,510$2,750$3,440$3,740
FY 2025$2,250$2,350$2,600$3,240$3,500
FY 2024$1,510$1,770$2,150$2,640$2,860
FY 2023$1,310$1,520$1,850$2,290$2,540

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10553
10543$3,300+18.3%
10545$3,330+19.4%
10546$3,670+31.5%
10547$3,540+26.9%
10548$3,160+13.3%
10549$2,750−1.4%
10550$2,860+2.5%
10551$3,020+8.2%
10552$2,770−0.7%
10553Current$2,790—
10560$3,500+25.4%
10562$3,330+19.4%

Questions about ZIP 10553 rents

How much will Section 8 pay for a two-bedroom in ZIP 10553?

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 $2,790 it would be $2,511 to $3,069. 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 10553 in?

ZIP 10553 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 10553 for FY 2027?

The two-bedroom FMR rose 1.5%, from $2,750 in FY 2026 to $2,790 in FY 2027. Since FY 2023 it has risen 50.8%.

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