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Westchester County/Yonkers/10704

10704

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$2,560$1,800
1 BR$2,690$2,410
2 BR$2,930$3,140
3 BR$3,710$3,280
4 BR$4,060$3,570
5 BR$4,669Not available
6 BR$5,369Not available
7 BR$6,175Not available
8 BR$7,101Not available

Purchase Price Calculator

Maximum purchase price
$404,686

Cost breakdown

+Likely effective rent$3,140
HUD FMR$2,930
Market rent$3,260
Est. payment standard (107%)Used$3,140
-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
1.42
1 BR
1.12
2 BR
0.90
3 BR
1.13
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10704 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10704 (Yonkers, NY) is $2,930 a month. That is up 1.4% from $2,890 in FY 2026. Yonkers 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, 10704 is tied for the 68th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10704 is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10704
BedroomsFY 2027Change90–110% range
Studio$2,560+2.0%$2,304–$2,816
1BR$2,690+1.9%$2,421–$2,959
2BR$2,930+1.4%$2,637–$3,223
3BR$3,710+2.5%$3,339–$4,081
4BR$4,060+3.3%$3,654–$4,466

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10704
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,560$2,690$2,930$3,710$4,060
FY 2026$2,510$2,640$2,890$3,620$3,930
FY 2025$2,380$2,480$2,750$3,430$3,700
FY 2024$1,600$1,880$2,290$2,810$3,050
FY 2023$1,390$1,610$1,960$2,430$2,690

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10704
10607$3,820+30.4%
10701$3,120+6.5%
10702$3,020+3.1%
10703$2,760−5.8%
10704Current$2,930—
10705$2,920−0.3%
10706$3,050+4.1%
10707$3,480+18.8%
10708$3,310+13.0%
10709$3,130+6.8%
10710$2,880−1.7%
10801$3,040+3.8%

Questions about ZIP 10704 rents

How much will Section 8 pay for a two-bedroom in ZIP 10704?

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 $2,930 it would be $2,637 to $3,223. 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 10704 in?

ZIP 10704 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 10704 for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,890 in FY 2026 to $2,930 in FY 2027. Since FY 2023 it has risen 49.5%.

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