Skip to main content
Loading page
Westchester County/South Salem/10590

10590

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$3,090$2,330
1 BR$3,250$2,380
2 BR$3,540$3,650
3 BR$4,480$4,930
4 BR$4,910$5,400
5 BR$5,647Not available
6 BR$6,493Not available
7 BR$7,467Not available
8 BR$8,588Not available

Purchase Price Calculator

Maximum purchase price
$480,472

Cost breakdown

+Likely effective rent$3,650
HUD FMR$3,540
Market rent$3,710
Est. payment standard (103%)Used$3,650
-Principal and interest-$2,430
Loan amount$384,378
Down payment$96,094
Rate6.50%
Term30 years
-Operating costs-$1,020
Property taxes-$480
Insurance-$175
Utilities$0
HOA$0
Management-$365
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,915(60.3% ROI)
Projected value
$517,416
Return breakdown
Property appreciation+$36,944
Loan principal paid down+$13,771
Rental cash flow+$7,200
5-year hold
+$99,696(103.7% ROI)
Projected value
$543,610
Return breakdown
Property appreciation+$63,138
Loan principal paid down+$24,558
Rental cash flow+$12,000
10-year hold
+$217,090(225.9% ROI)
Projected value
$615,045
Return breakdown
Property appreciation+$134,573
Loan principal paid down+$58,517
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.33
1 BR
1.37
2 BR
0.95
3 BR
0.74
4 BR
0.66
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10590 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10590 (South Salem, NY) is $3,540 a month. That is down 3.5% from $3,670 in FY 2026. South Salem 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, 10590 is tied for the 28th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10590 is 156% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10590
BedroomsFY 2027Change90–110% range
Studio$3,090−3.1%$2,781–$3,399
1BR$3,250−3.0%$2,925–$3,575
2BR$3,540−3.5%$3,186–$3,894
3BR$4,480−2.6%$4,032–$4,928
4BR$4,910−1.6%$4,419–$5,401

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10590
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,090$3,250$3,540$4,480$4,910
FY 2026$3,190$3,350$3,670$4,600$4,990
FY 2025$3,120$3,250$3,600$4,490$4,840
FY 2024$2,130$2,500$3,040$3,730$4,050
FY 2023$1,780$2,060$2,510$3,110$3,440

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10590
10580$4,390+24.0%
10583$3,860+9.0%
10587$3,020−14.7%
10588$2,620−26.0%
10589$3,940+11.3%
10590Current$3,540—
10591$3,070−13.3%
10594$3,380−4.5%
10595$2,620−26.0%
10596$2,690−24.0%
10597$3,580+1.1%
10598$3,690+4.2%

Questions about ZIP 10590 rents

How much will Section 8 pay for a two-bedroom in ZIP 10590?

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 $3,540 it would be $3,186 to $3,894. 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 10590 in?

ZIP 10590 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 10590 for FY 2027?

The two-bedroom FMR fell 3.5%, from $3,670 in FY 2026 to $3,540 in FY 2027. Since FY 2023 it has risen 41.0%.

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