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Orange County/Slate Hill/10973

10973

ZIPSAFMR
Orange County, NY
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,660$1,770
1 BR$1,850$1,870
2 BR$2,380$2,200
3 BR$3,000$2,740
4 BR$3,150$3,020
5 BR$3,622Not available
6 BR$4,166Not available
7 BR$4,791Not available
8 BR$5,509Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMR$2,380
Market rentUsed$2,200
Est. payment standard (95%)$2,260
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
0.98
2 BR
1.08
3 BR
1.09
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10973 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10973 (Slate Hill, NY) is $2,380 a month. That is down 0.4% from $2,390 in FY 2026. Slate Hill 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, 10973 has the 13th-highest two-bedroom rent (county range $1,790–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10973 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10973
BedroomsFY 2027Change90–110% range
Studio$1,660+0.6%$1,494–$1,826
1BR$1,850−1.1%$1,665–$2,035
2BR$2,380−0.4%$2,142–$2,618
3BR$3,000−1.0%$2,700–$3,300
4BR$3,150−3.1%$2,835–$3,465

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10973
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,660$1,850$2,380$3,000$3,150
FY 2026$1,650$1,870$2,390$3,030$3,250
FY 2025$1,600$1,820$2,330$2,970$3,220
FY 2024$1,540$1,770$2,270$2,880$3,180
FY 2023$1,390$1,530$1,960$2,500$2,770

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10973
10958$2,890+21.4%
10959$2,170−8.8%
10963$1,790−24.8%
10969$2,160−9.2%
10973Current$2,380—
10974$3,950+66.0%
10975$2,820+18.5%
10979$2,130−10.5%
10981$2,170−8.8%
10985$1,980−16.8%
10987$2,620+10.1%
10988$1,990−16.4%

Questions about ZIP 10973 rents

How much will Section 8 pay for a two-bedroom in ZIP 10973?

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 $2,380 it would be $2,142 to $2,618. 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 10973 in?

ZIP 10973 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 10973 for FY 2027?

The two-bedroom FMR fell 0.4%, from $2,390 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has risen 21.4%.

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