Skip to main content
Loading page
Rockland County/Tappan/10983

10983

ZIPSAFMR
Rockland County, NY
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$3,070$3,380
1 BR$3,230$3,110
2 BR$3,520$3,870
3 BR$4,450$4,640
4 BR$4,880$5,320
5 BR$5,612Not available
6 BR$6,454Not available
7 BR$7,422Not available
8 BR$8,535Not available

Purchase Price Calculator

Maximum purchase price
$513,164

Cost breakdown

+Likely effective rent$3,870
HUD FMR$3,520
Market rent$4,320
Est. payment standard (110%)Used$3,870
-Principal and interest-$2,595
Loan amount$410,531
Down payment$102,633
Rate6.50%
Term30 years
-Operating costs-$1,075
Property taxes-$513
Insurance-$175
Utilities$0
HOA$0
Management-$387
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,366(59.8% ROI)
Projected value
$552,621
Return breakdown
Property appreciation+$39,457
Loan principal paid down+$14,708
Rental cash flow+$7,200
5-year hold
+$105,663(103.0% ROI)
Projected value
$580,598
Return breakdown
Property appreciation+$67,434
Loan principal paid down+$26,229
Rental cash flow+$12,000
10-year hold
+$230,228(224.3% ROI)
Projected value
$656,893
Return breakdown
Property appreciation+$143,729
Loan principal paid down+$62,499
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.79
1 BR
1.04
2 BR
0.81
3 BR
0.94
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 10983 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10983 (Tappan, NY) is $3,520 a month. That is up 4.1% from $3,380 in FY 2026. Tappan 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, 10983 has the 4th-highest two-bedroom rent (county range $2,620–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10983 is 154% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 10983
BedroomsFY 2027Change90–110% range
Studio$3,070+4.4%$2,763–$3,377
1BR$3,230+4.9%$2,907–$3,553
2BR$3,520+4.1%$3,168–$3,872
3BR$4,450+5.2%$4,005–$4,895
4BR$4,880+6.1%$4,392–$5,368

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 10983
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,070$3,230$3,520$4,450$4,880
FY 2026$2,940$3,080$3,380$4,230$4,600
FY 2025$3,180$3,310$3,670$4,570$4,930
FY 2024$3,310$3,400$3,820$4,770$5,140
FY 2023$3,190$3,260$3,680$4,620$4,980

Two-bedroom rent in nearby Rockland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 10983
10974$3,950+12.2%
10976$2,970−15.6%
10977$2,660−24.4%
10980$2,720−22.7%
10982$2,970−15.6%
10983Current$3,520—
10984$2,800−20.5%
10986$2,730−22.4%
10987$2,620−25.6%
10989$3,270−7.1%
10993$2,680−23.9%
10994$2,620−25.6%

Questions about ZIP 10983 rents

How much will Section 8 pay for a two-bedroom in ZIP 10983?

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 $3,520 it would be $3,168 to $3,872. 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 10983 in?

ZIP 10983 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 10983 for FY 2027?

The two-bedroom FMR rose 4.1%, from $3,380 in FY 2026 to $3,520 in FY 2027. Since FY 2023 it has fallen 4.3%.

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