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Rockland County/Stony Point/10980

10980

ZIPSAFMR
Rockland County, NY
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$2,370$2,070
1 BR$2,500$2,380
2 BR$2,720$2,910
3 BR$3,440$3,540
4 BR$3,770$4,150
5 BR$4,336Not available
6 BR$4,986Not available
7 BR$5,734Not available
8 BR$6,594Not available

Purchase Price Calculator

Maximum purchase price
$370,508

Cost breakdown

+Likely effective rent$2,910
HUD FMR$2,720
Market rent$3,010
Est. payment standard (107%)Used$2,910
-Principal and interest-$1,873
Loan amount$296,407
Down payment$74,102
Rate6.50%
Term30 years
-Operating costs-$837
Property taxes-$371
Insurance-$175
Utilities$0
HOA$0
Management-$291
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,308(62.5% ROI)
Projected value
$398,997
Return breakdown
Property appreciation+$28,489
Loan principal paid down+$10,620
Rental cash flow+$7,200
5-year hold
+$79,625(107.5% ROI)
Projected value
$419,196
Return breakdown
Property appreciation+$48,688
Loan principal paid down+$18,937
Rental cash flow+$12,000
10-year hold
+$172,898(233.3% ROI)
Projected value
$474,282
Return breakdown
Property appreciation+$103,774
Loan principal paid down+$45,125
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.05
2 BR
0.90
3 BR
0.96
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10980 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10980 (Stony Point, NY) is $2,720 a month. That is unchanged from FY 2026. Stony Point 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, 10980 has the 23rd-highest two-bedroom rent (county range $2,620–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10980 is 96% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10980
BedroomsFY 2027Change90–110% range
Studio$2,370+0.4%$2,133–$2,607
1BR$2,500+0.8%$2,250–$2,750
2BR$2,7200.0%$2,448–$2,992
3BR$3,440+0.9%$3,096–$3,784
4BR$3,770+1.9%$3,393–$4,147

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10980
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,370$2,500$2,720$3,440$3,770
FY 2026$2,360$2,480$2,720$3,410$3,700
FY 2025$2,280$2,380$2,630$3,280$3,540
FY 2024$2,380$2,440$2,740$3,420$3,680
FY 2023$2,170$2,210$2,500$3,140$3,380

Two-bedroom rent in nearby Rockland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10980
10968$3,120+14.7%
10970$2,940+8.1%
10974$3,950+45.2%
10976$2,970+9.2%
10977$2,660−2.2%
10980Current$2,720—
10982$2,970+9.2%
10983$3,520+29.4%
10984$2,800+2.9%
10986$2,730+0.4%
10987$2,620−3.7%
10989$3,270+20.2%

Questions about ZIP 10980 rents

How much will Section 8 pay for a two-bedroom in ZIP 10980?

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 $2,720 it would be $2,448 to $2,992. 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 10980 in?

ZIP 10980 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 10980 for FY 2027?

The two-bedroom FMR was unchanged at $2,720 in FY 2027. Since FY 2023 it has risen 8.8%.

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