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Rockland County/Piermont/10968

10968

ZIPSAFMR
Rockland County, NY
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$2,720$2,220
1 BR$2,870$2,810
2 BR$3,120$3,430
3 BR$3,950$4,350
4 BR$4,330$4,760
5 BR$4,980Not available
6 BR$5,726Not available
7 BR$6,585Not available
8 BR$7,573Not available

Purchase Price Calculator

Maximum purchase price
$447,780

Cost breakdown

+Likely effective rent$3,430
HUD FMR$3,120
Market rent$4,070
Est. payment standard (110%)Used$3,430
-Principal and interest-$2,264
Loan amount$358,224
Down payment$89,556
Rate6.50%
Term30 years
-Operating costs-$966
Property taxes-$448
Insurance-$175
Utilities$0
HOA$0
Management-$343
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,464(60.8% ROI)
Projected value
$482,210
Return breakdown
Property appreciation+$34,430
Loan principal paid down+$12,834
Rental cash flow+$7,200
5-year hold
+$93,729(104.7% ROI)
Projected value
$506,622
Return breakdown
Property appreciation+$58,842
Loan principal paid down+$22,887
Rental cash flow+$12,000
10-year hold
+$203,952(227.7% ROI)
Projected value
$573,196
Return breakdown
Property appreciation+$125,416
Loan principal paid down+$54,536
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.23
1 BR
1.02
2 BR
0.77
3 BR
0.78
4 BR
0.68
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10968 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10968 (Piermont, NY) is $3,120 a month. That is down 3.7% from $3,240 in FY 2026. Piermont 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, 10968 has the 10th-highest two-bedroom rent (county range $2,620–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10968 is 125% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10968
BedroomsFY 2027Change90–110% range
Studio$2,720−3.5%$2,448–$2,992
1BR$2,870−3.0%$2,583–$3,157
2BR$3,120−3.7%$2,808–$3,432
3BR$3,950−2.7%$3,555–$4,345
4BR$4,330−1.8%$3,897–$4,763

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10968
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,720$2,870$3,120$3,950$4,330
FY 2026$2,820$2,960$3,240$4,060$4,410
FY 2025$2,750$2,870$3,180$3,960$4,280
FY 2024$2,880$2,960$3,320$4,140$4,460
FY 2023$2,660$2,720$3,070$3,860$4,150

Two-bedroom rent in nearby Rockland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10968
10954$3,570+14.4%
10956$3,290+5.4%
10960$3,370+8.0%
10962$2,620−16.0%
10964$2,880−7.7%
10965$3,040−2.6%
10968Current$3,120—
10970$2,940−5.8%
10974$3,950+26.6%
10976$2,970−4.8%
10977$2,660−14.7%
10980$2,720−12.8%

Questions about ZIP 10968 rents

How much will Section 8 pay for a two-bedroom in ZIP 10968?

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 $3,120 it would be $2,808 to $3,432. 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 10968 in?

ZIP 10968 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 10968 for FY 2027?

The two-bedroom FMR fell 3.7%, from $3,240 in FY 2026 to $3,120 in FY 2027. Since FY 2023 it has risen 1.6%.

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