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Kings County/Brooklyn/11214

11214

ZIPSAFMR
Kings County, NY
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$2,510$2,730
1 BR$2,650$2,010
2 BR$2,880$2,540
3 BR$3,640$3,370
4 BR$3,990$3,450
5 BR$4,589Not available
6 BR$5,277Not available
7 BR$6,068Not available
8 BR$6,979Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,880
Market rentUsed$2,540
Est. payment standard (92%)$2,660
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
1.32
2 BR
1.13
3 BR
1.08
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11214 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11214 (Brooklyn, NY) is $2,880 a month. That is up 2.5% from $2,810 in FY 2026. Brooklyn 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 50 ZIP codes in Kings County, 11214 has the 40th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 11214 is 108% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11214
BedroomsFY 2027Change90–110% range
Studio$2,510+2.9%$2,259–$2,761
1BR$2,650+3.5%$2,385–$2,915
2BR$2,880+2.5%$2,592–$3,168
3BR$3,640+3.4%$3,276–$4,004
4BR$3,990+4.5%$3,591–$4,389

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11214
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,510$2,650$2,880$3,640$3,990
FY 2026$2,440$2,560$2,810$3,520$3,820
FY 2025$2,260$2,360$2,610$3,250$3,510
FY 2024$2,260$2,320$2,610$3,260$3,510
FY 2023$2,090$2,130$2,410$3,030$3,260

Two-bedroom rent in nearby Kings County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11214
11208$2,790−3.1%
11209$3,350+16.3%
11210$2,910+1.0%
11211$3,820+32.6%
11212$2,620−9.0%
11213$2,970+3.1%
11214Current$2,880—
11215$4,460+54.9%
11216$3,910+35.8%
11217$4,460+54.9%
11218$3,270+13.5%
11219$2,820−2.1%

Questions about ZIP 11214 rents

How much will Section 8 pay for a two-bedroom in ZIP 11214?

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 $2,880 it would be $2,592 to $3,168. 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 11214 in?

ZIP 11214 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 11214 for FY 2027?

The two-bedroom FMR rose 2.5%, from $2,810 in FY 2026 to $2,880 in FY 2027. Since FY 2023 it has risen 19.5%.

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