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Orange County/Pine Island/10969

10969

ZIPSAFMR
Orange County, NY
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,510$1,660
1 BR$1,690$1,860
2 BR$2,160$2,340
3 BR$2,720$2,670
4 BR$2,890$2,900
5 BR$3,323Not available
6 BR$3,822Not available
7 BR$4,395Not available
8 BR$5,055Not available

Purchase Price Calculator

Maximum purchase price
$285,807

Cost breakdown

+Likely effective rent$2,340
HUD FMR$2,160
Market rent$2,440
Est. payment standard (108%)Used$2,340
-Principal and interest-$1,445
Loan amount$228,645
Down payment$57,161
Rate6.50%
Term30 years
-Operating costs-$695
Property taxes-$286
Insurance-$175
Utilities$0
HOA$0
Management-$234
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,368(65.4% ROI)
Projected value
$307,782
Return breakdown
Property appreciation+$21,976
Loan principal paid down+$8,192
Rental cash flow+$7,200
5-year hold
+$64,166(112.3% ROI)
Projected value
$323,364
Return breakdown
Property appreciation+$37,557
Loan principal paid down+$14,608
Rental cash flow+$12,000
10-year hold
+$138,859(242.9% ROI)
Projected value
$365,857
Return breakdown
Property appreciation+$80,050
Loan principal paid down+$34,809
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.81
2 BR
0.89
3 BR
1.02
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10969 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10969 (Pine Island, NY) is $2,160 a month. That is up 10.2% from $1,960 in FY 2026. Pine Island 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, 10969 is tied for the 35th-highest two-bedroom rent (county range $1,790–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10969 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10969
BedroomsFY 2027Change90–110% range
Studio$1,510+11.0%$1,359–$1,661
1BR$1,690+9.0%$1,521–$1,859
2BR$2,160+10.2%$1,944–$2,376
3BR$2,720+9.7%$2,448–$2,992
4BR$2,890+7.8%$2,601–$3,179

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10969
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,510$1,690$2,160$2,720$2,890
FY 2026$1,360$1,550$1,960$2,480$2,680
FY 2025$1,280$1,460$1,850$2,360$2,570
FY 2024$1,180$1,350$1,720$2,180$2,420
FY 2023$1,060$1,180$1,500$1,910$2,130

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10969
10953$2,320+7.4%
10958$2,890+33.8%
10959$2,170+0.5%
10963$1,790−17.1%
10969Current$2,160—
10973$2,380+10.2%
10974$3,950+82.9%
10975$2,820+30.6%
10979$2,130−1.4%
10981$2,170+0.5%
10985$1,980−8.3%
10987$2,620+21.3%

Questions about ZIP 10969 rents

How much will Section 8 pay for a two-bedroom in ZIP 10969?

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 $2,160 it would be $1,944 to $2,376. 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 10969 in?

ZIP 10969 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 10969 for FY 2027?

The two-bedroom FMR rose 10.2%, from $1,960 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 44.0%.

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