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Orange County/Middletown/10941

10941

ZIPSAFMR
Orange County, NY
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,730
1 BR$1,760$1,870
2 BR$2,260$2,310
3 BR$2,850$2,660
4 BR$2,990$3,140
5 BR$3,438Not available
6 BR$3,954Not available
7 BR$4,547Not available
8 BR$5,230Not available

Purchase Price Calculator

Maximum purchase price
$281,349

Cost breakdown

+Likely effective rent$2,310
HUD FMR$2,260
Market rent$2,330
Est. payment standard (102%)Used$2,310
-Principal and interest-$1,423
Loan amount$225,079
Down payment$56,270
Rate6.50%
Term30 years
-Operating costs-$687
Property taxes-$281
Insurance-$175
Utilities$0
HOA$0
Management-$231
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,897(65.6% ROI)
Projected value
$302,982
Return breakdown
Property appreciation+$21,633
Loan principal paid down+$8,064
Rental cash flow+$7,200
5-year hold
+$63,352(112.6% ROI)
Projected value
$318,320
Return breakdown
Property appreciation+$36,972
Loan principal paid down+$14,380
Rental cash flow+$12,000
10-year hold
+$137,067(243.6% ROI)
Projected value
$360,150
Return breakdown
Property appreciation+$78,801
Loan principal paid down+$34,266
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.91
2 BR
0.97
3 BR
1.07
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10941 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10941 (Middletown, NY) is $2,260 a month. That is up 9.2% from $2,070 in FY 2026. Middletown is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. 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 $2,131. Among 60 ZIP codes in Orange County, 10941 is tied for the 19th-highest two-bedroom rent (county range $1,790–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10941 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10941
BedroomsFY 2027Change90–110% range
Studio$1,570+9.8%$1,413–$1,727
1BR$1,760+8.6%$1,584–$1,936
2BR$2,260+9.2%$2,034–$2,486
3BR$2,850+8.4%$2,565–$3,135
4BR$2,990+6.0%$2,691–$3,289

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10941
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,760$2,260$2,850$2,990
FY 2026$1,430$1,620$2,070$2,630$2,820
FY 2025$1,380$1,570$2,010$2,560$2,770
FY 2024$1,290$1,490$1,910$2,420$2,680
FY 2023$1,160$1,270$1,630$2,080$2,300

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10941
10924$2,190−3.1%
10925$2,020−10.6%
10926$2,730+20.8%
10928$2,300+1.8%
10930$2,600+15.0%
10932$2,160−4.4%
10933$2,410+6.6%
10940$2,160−4.4%
10941Current$2,260—
10949$2,170−4.0%
10950$2,2600.0%
10953$2,320+2.7%

Questions about ZIP 10941 rents

How much will Section 8 pay for a two-bedroom in ZIP 10941?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $2,260 it would be $2,034 to $2,486. 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 10941 in?

ZIP 10941 is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.

How much did fair market rent change in ZIP 10941 for FY 2027?

The two-bedroom FMR rose 9.2%, from $2,070 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 38.7%.

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