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Queens County/Long Island City/11101

11101

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$3,650$3,660
1 BR$3,840$4,220
2 BR$4,180$4,600
3 BR$5,290$5,450
4 BR$5,800$5,830
5 BR$6,670Not available
6 BR$7,670Not available
7 BR$8,821Not available
8 BR$10,144Not available

Purchase Price Calculator

Maximum purchase price
$621,642

Cost breakdown

+Likely effective rent$4,600
HUD FMR$4,180
Market rent$5,650
Est. payment standard (110%)Used$4,600
-Principal and interest-$3,143
Loan amount$497,313
Down payment$124,328
Rate6.50%
Term30 years
-Operating costs-$1,257
Property taxes-$622
Insurance-$175
Utilities$0
HOA$0
Management-$460
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$72,816(58.6% ROI)
Projected value
$669,440
Return breakdown
Property appreciation+$47,798
Loan principal paid down+$17,818
Rental cash flow+$7,200
5-year hold
+$125,462(100.9% ROI)
Projected value
$703,330
Return breakdown
Property appreciation+$81,689
Loan principal paid down+$31,773
Rental cash flow+$12,000
10-year hold
+$273,823(220.2% ROI)
Projected value
$795,754
Return breakdown
Property appreciation+$174,112
Loan principal paid down+$75,710
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.82
2 BR
0.74
3 BR
0.95
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11101 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11101 (Long Island City, NY) is $4,180 a month. That is up 8.6% from $3,850 in FY 2026. Long Island City 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 79 ZIP codes in Queens County, 11101 is tied for the 2nd-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11101 is 202% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11101
BedroomsFY 2027Change90–110% range
Studio$3,650+9.0%$3,285–$4,015
1BR$3,840+9.4%$3,456–$4,224
2BR$4,180+8.6%$3,762–$4,598
3BR$5,290+9.8%$4,761–$5,819
4BR$5,800+10.7%$5,220–$6,380

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11101
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,650$3,840$4,180$5,290$5,800
FY 2026$3,350$3,510$3,850$4,820$5,240
FY 2025$2,920$3,050$3,380$4,210$4,540
FY 2024$2,840$2,920$3,280$4,090$4,410
FY 2023$2,660$2,720$3,070$3,860$4,150

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11101
11001$2,690−35.6%
11004$3,110−25.6%
11005$3,490−16.5%
11020$3,360−19.6%
11040$2,920−30.1%
11101Current$4,180—
11102$3,920−6.2%
11103$3,600−13.9%
11104$3,320−20.6%
11105$3,780−9.6%
11106$3,460−17.2%
11109$4,1800.0%

Questions about ZIP 11101 rents

How much will Section 8 pay for a two-bedroom in ZIP 11101?

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 $4,180 it would be $3,762 to $4,598. 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 11101 in?

ZIP 11101 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 11101 for FY 2027?

The two-bedroom FMR rose 8.6%, from $3,850 in FY 2026 to $4,180 in FY 2027. Since FY 2023 it has risen 36.2%.

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 rentLong Island City, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources