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Rockland County/New City/10956

10956

ZIPSAFMR
Rockland County, NY
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$2,870$2,120
1 BR$3,020$2,490
2 BR$3,290$3,020
3 BR$4,160$4,000
4 BR$4,560$4,600
5 BR$5,244Not available
6 BR$6,031Not available
7 BR$6,935Not available
8 BR$7,975Not available

Purchase Price Calculator

Maximum purchase price
$386,854

Cost breakdown

+Likely effective rent$3,020
HUD FMR$3,290
Market rentUsed$3,020
Est. payment standard (95%)$3,110
-Principal and interest-$1,956
Loan amount$309,483
Down payment$77,371
Rate6.50%
Term30 years
-Operating costs-$864
Property taxes-$387
Insurance-$175
Utilities$0
HOA$0
Management-$302
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,034(62.1% ROI)
Projected value
$416,600
Return breakdown
Property appreciation+$29,745
Loan principal paid down+$11,088
Rental cash flow+$7,200
5-year hold
+$82,609(106.8% ROI)
Projected value
$437,690
Return breakdown
Property appreciation+$50,836
Loan principal paid down+$19,773
Rental cash flow+$12,000
10-year hold
+$179,467(232.0% ROI)
Projected value
$495,206
Return breakdown
Property appreciation+$108,352
Loan principal paid down+$47,115
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.21
2 BR
1.09
3 BR
1.04
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10956 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10956 (New City, NY) is $3,290 a month. That is up 4.1% from $3,160 in FY 2026. New City 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 28 ZIP codes in Rockland County, 10956 has the 7th-highest two-bedroom rent (county range $2,620–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10956 is 138% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10956
BedroomsFY 2027Change90–110% range
Studio$2,870+4.4%$2,583–$3,157
1BR$3,020+4.9%$2,718–$3,322
2BR$3,290+4.1%$2,961–$3,619
3BR$4,160+5.1%$3,744–$4,576
4BR$4,560+6.0%$4,104–$5,016

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10956
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,870$3,020$3,290$4,160$4,560
FY 2026$2,750$2,880$3,160$3,960$4,300
FY 2025$2,540$2,660$2,940$3,660$3,950
FY 2024$2,550$2,620$2,940$3,670$3,950
FY 2023$2,300$2,360$2,660$3,340$3,600

Two-bedroom rent in nearby Rockland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10956
10952$2,790−15.2%
10954$3,570+8.5%
10956Current$3,290—
10960$3,370+2.4%
10962$2,620−20.4%
10964$2,880−12.5%
10965$3,040−7.6%
10968$3,120−5.2%
10970$2,940−10.6%
10974$3,950+20.1%
10976$2,970−9.7%
10977$2,660−19.1%

Questions about ZIP 10956 rents

How much will Section 8 pay for a two-bedroom in ZIP 10956?

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 $3,290 it would be $2,961 to $3,619. 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 10956 in?

ZIP 10956 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 10956 for FY 2027?

The two-bedroom FMR rose 4.1%, from $3,160 in FY 2026 to $3,290 in FY 2027. Since FY 2023 it has risen 23.7%.

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