Skip to main content
Loading page
Westchester County/Peekskill/10566

10566

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$2,660$2,020
1 BR$2,800$2,440
2 BR$3,050$3,110
3 BR$3,860$3,830
4 BR$4,230$4,650
5 BR$4,865Not available
6 BR$5,594Not available
7 BR$6,433Not available
8 BR$7,398Not available

Purchase Price Calculator

Maximum purchase price
$400,228

Cost breakdown

+Likely effective rent$3,110
HUD FMR$3,050
Market rent$3,140
Est. payment standard (102%)Used$3,110
-Principal and interest-$2,024
Loan amount$320,183
Down payment$80,046
Rate6.50%
Term30 years
-Operating costs-$886
Property taxes-$400
Insurance-$175
Utilities$0
HOA$0
Management-$311
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,445(61.8% ROI)
Projected value
$431,002
Return breakdown
Property appreciation+$30,774
Loan principal paid down+$11,471
Rental cash flow+$7,200
5-year hold
+$85,050(106.3% ROI)
Projected value
$452,822
Return breakdown
Property appreciation+$52,593
Loan principal paid down+$20,457
Rental cash flow+$12,000
10-year hold
+$184,842(230.9% ROI)
Projected value
$512,326
Return breakdown
Property appreciation+$112,098
Loan principal paid down+$48,744
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.32
1 BR
1.15
2 BR
0.97
3 BR
1.01
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 10566 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10566 (Peekskill, NY) is $3,050 a month. That is up 3.0% from $2,960 in FY 2026. 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 86 ZIP codes in Westchester County, 10566 is tied for the 55th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10566 is 120% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10566
BedroomsFY 2027Change90–110% range
Studio$2,660+3.5%$2,394–$2,926
1BR$2,800+3.7%$2,520–$3,080
2BR$3,050+3.0%$2,745–$3,355
3BR$3,860+4.0%$3,474–$4,246
4BR$4,230+5.0%$3,807–$4,653

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10566
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,660$2,800$3,050$3,860$4,230
FY 2026$2,570$2,700$2,960$3,710$4,030
FY 2025$2,420$2,530$2,800$3,490$3,760
FY 2024$1,600$1,880$2,280$2,800$3,040
FY 2023$1,360$1,580$1,920$2,380$2,630

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10566
10552$2,770−9.2%
10553$2,790−8.5%
10560$3,500+14.8%
10562$3,330+9.2%
10566Current$3,050—
10567$3,110+2.0%
10570$3,030−0.7%
10573$3,200+4.9%
10576$4,010+31.5%
10577$3,370+10.5%
10578$3,560+16.7%
10580$4,390+43.9%

Questions about ZIP 10566 rents

How much will Section 8 pay for a two-bedroom in ZIP 10566?

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 $3,050 it would be $2,745 to $3,355. 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 10566 in?

ZIP 10566 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 10566 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,960 in FY 2026 to $3,050 in FY 2027. Since FY 2023 it has risen 58.9%.

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