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Westchester County/Pelham/10803

10803

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$3,090$2,240
1 BR$3,250$2,680
2 BR$3,540$3,880
3 BR$4,480$4,550
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
$514,650

Cost breakdown

+Likely effective rent$3,880
HUD FMR$3,540
Market rent$4,070
Est. payment standard (110%)Used$3,880
-Principal and interest-$2,602
Loan amount$411,720
Down payment$102,930
Rate6.50%
Term30 years
-Operating costs-$1,078
Property taxes-$515
Insurance-$175
Utilities$0
HOA$0
Management-$388
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,523(59.8% ROI)
Projected value
$554,222
Return breakdown
Property appreciation+$39,572
Loan principal paid down+$14,751
Rental cash flow+$7,200
5-year hold
+$105,934(102.9% ROI)
Projected value
$582,279
Return breakdown
Property appreciation+$67,629
Loan principal paid down+$26,305
Rental cash flow+$12,000
10-year hold
+$230,825(224.3% ROI)
Projected value
$658,795
Return breakdown
Property appreciation+$144,145
Loan principal paid down+$62,680
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.38
1 BR
1.21
2 BR
0.87
3 BR
0.98
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10803 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10803 (Pelham, NY) is $3,540 a month. That is up 5.0% from $3,370 in FY 2026. Pelham 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, 10803 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 10803 is 156% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10803
BedroomsFY 2027Change90–110% range
Studio$3,090+5.5%$2,781–$3,399
1BR$3,250+5.9%$2,925–$3,575
2BR$3,540+5.0%$3,186–$3,894
3BR$4,480+6.2%$4,032–$4,928
4BR$4,910+7.0%$4,419–$5,401

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10803
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,090$3,250$3,540$4,480$4,910
FY 2026$2,930$3,070$3,370$4,220$4,590
FY 2025$2,730$2,850$3,160$3,940$4,250
FY 2024$1,920$2,150$2,610$3,200$3,480
FY 2023$1,820$1,900$2,310$2,860$3,170

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10803
10704$2,930−17.2%
10705$2,920−17.5%
10706$3,050−13.8%
10707$3,480−1.7%
10708$3,310−6.5%
10709$3,130−11.6%
10710$2,880−18.6%
10801$3,040−14.1%
10802$3,020−14.7%
10803Current$3,540—
10804$3,580+1.1%
10805$3,100−12.4%

Questions about ZIP 10803 rents

How much will Section 8 pay for a two-bedroom in ZIP 10803?

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 10803 in?

ZIP 10803 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 10803 for FY 2027?

The two-bedroom FMR rose 5.0%, from $3,370 in FY 2026 to $3,540 in FY 2027. Since FY 2023 it has risen 53.2%.

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