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Nassau County/Franklin Square/11010

11010

ZIPSAFMR
Nassau County, NY
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$1,860$2,030
1 BR$2,160$2,280
2 BR$2,540$2,790
3 BR$3,270$3,600
4 BR$3,470$3,820
5 BR$3,990Not available
6 BR$4,589Not available
7 BR$5,277Not available
8 BR$6,069Not available

Purchase Price Calculator

Maximum purchase price
$352,676

Cost breakdown

+Likely effective rent$2,790
HUD FMR$2,540
Market rent$3,280
Est. payment standard (110%)Used$2,790
-Principal and interest-$1,783
Loan amount$282,141
Down payment$70,535
Rate6.50%
Term30 years
-Operating costs-$807
Property taxes-$353
Insurance-$175
Utilities$0
HOA$0
Management-$279
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,426(63.0% ROI)
Projected value
$379,794
Return breakdown
Property appreciation+$27,118
Loan principal paid down+$10,108
Rental cash flow+$7,200
5-year hold
+$76,371(108.3% ROI)
Projected value
$399,021
Return breakdown
Property appreciation+$46,345
Loan principal paid down+$18,026
Rental cash flow+$12,000
10-year hold
+$165,732(235.0% ROI)
Projected value
$451,456
Return breakdown
Property appreciation+$98,779
Loan principal paid down+$42,953
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.92
2 BR
0.77
3 BR
0.75
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11010 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11010 (Franklin Square, NY) is $2,540 a month. That is down 1.6% from $2,580 in FY 2026. Franklin Square is in the Nassau-Suffolk, 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 $2,689. Among 86 ZIP codes in Nassau County, 11010 has the 76th-highest two-bedroom rent (county range $2,480–$4,030). The median county two-bedroom FMR in New York is $1,385, so ZIP 11010 is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11010
BedroomsFY 2027Change90–110% range
Studio$1,860−0.5%$1,674–$2,046
1BR$2,160−3.1%$1,944–$2,376
2BR$2,540−1.6%$2,286–$2,794
3BR$3,270−2.4%$2,943–$3,597
4BR$3,470−2.0%$3,123–$3,817

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11010
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$2,160$2,540$3,270$3,470
FY 2026$1,870$2,230$2,580$3,350$3,540
FY 2025$1,760$2,130$2,460$3,190$3,420
FY 2024$1,640$2,060$2,410$3,120$3,380
FY 2023$1,510$1,880$2,260$2,900$3,190

Two-bedroom rent in nearby Nassau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11010
11001$2,690+5.9%
11002$2,710+6.7%
11003$2,740+7.9%
11004$3,110+22.4%
11005$3,490+37.4%
11010Current$2,540—
11020$3,360+32.3%
11021$2,570+1.2%
11022$2,710+6.7%
11023$2,790+9.8%
11024$3,220+26.8%
11030$2,710+6.7%

Questions about ZIP 11010 rents

How much will Section 8 pay for a two-bedroom in ZIP 11010?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $2,540 it would be $2,286 to $2,794. 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 11010 in?

ZIP 11010 is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.

How much did fair market rent change in ZIP 11010 for FY 2027?

The two-bedroom FMR fell 1.6%, from $2,580 in FY 2026 to $2,540 in FY 2027. Since FY 2023 it has risen 12.4%.

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