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Westchester County/New Rochelle/10804

10804

ZIPSAFMR
Westchester County, NY
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$3,120$2,080
1 BR$3,290$2,330
2 BR$3,580$3,820
3 BR$4,530$4,980
4 BR$4,970$5,470
5 BR$5,716Not available
6 BR$6,573Not available
7 BR$7,559Not available
8 BR$8,693Not available

Purchase Price Calculator

Maximum purchase price
$505,734

Cost breakdown

+Likely effective rent$3,820
HUD FMR$3,580
Market rent$3,950
Est. payment standard (107%)Used$3,820
-Principal and interest-$2,557
Loan amount$404,587
Down payment$101,147
Rate6.50%
Term30 years
-Operating costs-$1,063
Property taxes-$506
Insurance-$175
Utilities$0
HOA$0
Management-$382
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$60,582(59.9% ROI)
Projected value
$544,620
Return breakdown
Property appreciation+$38,886
Loan principal paid down+$14,495
Rental cash flow+$7,200
5-year hold
+$104,307(103.1% ROI)
Projected value
$572,192
Return breakdown
Property appreciation+$66,458
Loan principal paid down+$25,849
Rental cash flow+$12,000
10-year hold
+$227,242(224.7% ROI)
Projected value
$647,382
Return breakdown
Property appreciation+$141,648
Loan principal paid down+$61,594
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.50
1 BR
1.41
2 BR
0.91
3 BR
0.75
4 BR
0.65
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10804 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10804 (New Rochelle, NY) is $3,580 a month. That is up 3.2% from $3,470 in FY 2026. New Rochelle 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, 10804 is tied for the 23rd-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10804 is 158% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10804
BedroomsFY 2027Change90–110% range
Studio$3,120+3.3%$2,808–$3,432
1BR$3,290+3.8%$2,961–$3,619
2BR$3,580+3.2%$3,222–$3,938
3BR$4,530+4.1%$4,077–$4,983
4BR$4,970+5.3%$4,473–$5,467

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10804
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,120$3,290$3,580$4,530$4,970
FY 2026$3,020$3,170$3,470$4,350$4,720
FY 2025$2,880$3,010$3,330$4,150$4,480
FY 2024$2,070$2,430$2,960$3,630$3,940
FY 2023$2,040$2,370$2,880$3,570$3,950

Two-bedroom rent in nearby Westchester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10804
10704$2,930−18.2%
10705$2,920−18.4%
10706$3,050−14.8%
10707$3,480−2.8%
10708$3,310−7.5%
10709$3,130−12.6%
10710$2,880−19.6%
10801$3,040−15.1%
10802$3,020−15.6%
10803$3,540−1.1%
10804Current$3,580—
10805$3,100−13.4%

Questions about ZIP 10804 rents

How much will Section 8 pay for a two-bedroom in ZIP 10804?

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 $3,580 it would be $3,222 to $3,938. 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 10804 in?

ZIP 10804 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 10804 for FY 2027?

The two-bedroom FMR rose 3.2%, from $3,470 in FY 2026 to $3,580 in FY 2027. Since FY 2023 it has risen 24.3%.

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