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Rockland County/Spring Valley/10977

10977

ZIPSAFMR
Rockland County, NY
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$2,320$2,290
1 BR$2,440$2,100
2 BR$2,660$2,890
3 BR$3,370$3,710
4 BR$3,690$4,060
5 BR$4,244Not available
6 BR$4,880Not available
7 BR$5,612Not available
8 BR$6,454Not available

Purchase Price Calculator

Maximum purchase price
$367,536

Cost breakdown

+Likely effective rent$2,890
HUD FMR$2,660
Market rent$3,020
Est. payment standard (109%)Used$2,890
-Principal and interest-$1,858
Loan amount$294,029
Down payment$73,507
Rate6.50%
Term30 years
-Operating costs-$832
Property taxes-$368
Insurance-$175
Utilities$0
HOA$0
Management-$289
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,994(62.6% ROI)
Projected value
$395,796
Return breakdown
Property appreciation+$28,260
Loan principal paid down+$10,534
Rental cash flow+$7,200
5-year hold
+$79,083(107.6% ROI)
Projected value
$415,834
Return breakdown
Property appreciation+$48,297
Loan principal paid down+$18,786
Rental cash flow+$12,000
10-year hold
+$171,704(233.6% ROI)
Projected value
$470,478
Return breakdown
Property appreciation+$102,941
Loan principal paid down+$44,763
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.16
2 BR
0.88
3 BR
0.84
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10977 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10977 (Spring Valley, NY) is $2,660 a month. That is up 4.7% from $2,540 in FY 2026. Spring Valley 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, 10977 has the 25th-highest two-bedroom rent (county range $2,620–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10977 is 92% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10977
BedroomsFY 2027Change90–110% range
Studio$2,320+5.0%$2,088–$2,552
1BR$2,440+5.2%$2,196–$2,684
2BR$2,660+4.7%$2,394–$2,926
3BR$3,370+6.0%$3,033–$3,707
4BR$3,690+6.6%$3,321–$4,059

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10977
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,320$2,440$2,660$3,370$3,690
FY 2026$2,210$2,320$2,540$3,180$3,460
FY 2025$2,150$2,210$2,480$3,100$3,330
FY 2024$1,990$2,050$2,300$2,870$3,090
FY 2023$1,900$1,940$2,190$2,750$2,960

Two-bedroom rent in nearby Rockland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10977
10965$3,040+14.3%
10968$3,120+17.3%
10970$2,940+10.5%
10974$3,950+48.5%
10976$2,970+11.7%
10977Current$2,660—
10980$2,720+2.3%
10982$2,970+11.7%
10983$3,520+32.3%
10984$2,800+5.3%
10986$2,730+2.6%
10987$2,620−1.5%

Questions about ZIP 10977 rents

How much will Section 8 pay for a two-bedroom in ZIP 10977?

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 $2,660 it would be $2,394 to $2,926. 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 10977 in?

ZIP 10977 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 10977 for FY 2027?

The two-bedroom FMR rose 4.7%, from $2,540 in FY 2026 to $2,660 in FY 2027. Since FY 2023 it has risen 21.5%.

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