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Kings County/Brooklyn/11216

11216

ZIPSAFMR
Kings County, NY
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$3,410$2,590
1 BR$3,590$2,750
2 BR$3,910$3,380
3 BR$4,950$5,110
4 BR$5,420$4,570
5 BR$6,233Not available
6 BR$7,168Not available
7 BR$8,243Not available
8 BR$9,480Not available

Purchase Price Calculator

Maximum purchase price
$440,350

Cost breakdown

+Likely effective rent$3,380
HUD FMR$3,910
Market rentUsed$3,380
Est. payment standard (91%)$3,570
-Principal and interest-$2,227
Loan amount$352,280
Down payment$88,070
Rate6.50%
Term30 years
-Operating costs-$953
Property taxes-$440
Insurance-$175
Utilities$0
HOA$0
Management-$338
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,680(61.0% ROI)
Projected value
$474,209
Return breakdown
Property appreciation+$33,859
Loan principal paid down+$12,621
Rental cash flow+$7,200
5-year hold
+$92,373(104.9% ROI)
Projected value
$498,216
Return breakdown
Property appreciation+$57,866
Loan principal paid down+$22,507
Rental cash flow+$12,000
10-year hold
+$200,966(228.2% ROI)
Projected value
$563,685
Return breakdown
Property appreciation+$123,335
Loan principal paid down+$53,631
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.31
2 BR
1.16
3 BR
0.95
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11216 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11216 (Brooklyn, NY) is $3,910 a month. That is up 6.5% from $3,670 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, 11216 has the 8th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 11216 is 182% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11216
BedroomsFY 2027Change90–110% range
Studio$3,410+6.9%$3,069–$3,751
1BR$3,590+7.2%$3,231–$3,949
2BR$3,910+6.5%$3,519–$4,301
3BR$4,950+7.6%$4,455–$5,445
4BR$5,420+8.6%$4,878–$5,962

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11216
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,410$3,590$3,910$4,950$5,420
FY 2026$3,190$3,350$3,670$4,600$4,990
FY 2025$2,800$2,920$3,230$4,030$4,340
FY 2024$2,570$2,650$2,970$3,710$3,990
FY 2023$2,240$2,290$2,590$3,250$3,500

Two-bedroom rent in nearby Kings County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11216
11210$2,910−25.6%
11211$3,820−2.3%
11212$2,620−33.0%
11213$2,970−24.0%
11214$2,880−26.3%
11215$4,460+14.1%
11216Current$3,910—
11217$4,460+14.1%
11218$3,270−16.4%
11219$2,820−27.9%
11220$2,650−32.2%
11221$3,370−13.8%

Questions about ZIP 11216 rents

How much will Section 8 pay for a two-bedroom in ZIP 11216?

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 $3,910 it would be $3,519 to $4,301. 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 11216 in?

ZIP 11216 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 11216 for FY 2027?

The two-bedroom FMR rose 6.5%, from $3,670 in FY 2026 to $3,910 in FY 2027. Since FY 2023 it has risen 51.0%.

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