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Kings County/Brooklyn/11220

11220

ZIPSAFMR
Kings County, NY
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$2,310$2,060
1 BR$2,430$2,610
2 BR$2,650$2,920
3 BR$3,350$3,560
4 BR$3,680$3,400
5 BR$4,232Not available
6 BR$4,867Not available
7 BR$5,597Not available
8 BR$6,436Not available

Purchase Price Calculator

Maximum purchase price
$371,994

Cost breakdown

+Likely effective rent$2,920
HUD FMR$2,650
Market rent$3,130
Est. payment standard (110%)Used$2,920
-Principal and interest-$1,881
Loan amount$297,595
Down payment$74,399
Rate6.50%
Term30 years
-Operating costs-$839
Property taxes-$372
Insurance-$175
Utilities$0
HOA$0
Management-$292
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,465(62.5% ROI)
Projected value
$400,597
Return breakdown
Property appreciation+$28,603
Loan principal paid down+$10,662
Rental cash flow+$7,200
5-year hold
+$79,897(107.4% ROI)
Projected value
$420,877
Return breakdown
Property appreciation+$48,883
Loan principal paid down+$19,013
Rental cash flow+$12,000
10-year hold
+$173,495(233.2% ROI)
Projected value
$476,184
Return breakdown
Property appreciation+$104,190
Loan principal paid down+$45,306
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.12
1 BR
0.90
2 BR
0.85
3 BR
0.91
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11220 (Brooklyn, NY) is $2,650 a month. That is up 2.3% from $2,590 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, 11220 has the 46th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 11220 is 91% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11220
BedroomsFY 2027Change90–110% range
Studio$2,310+2.7%$2,079–$2,541
1BR$2,430+3.0%$2,187–$2,673
2BR$2,650+2.3%$2,385–$2,915
3BR$3,350+3.4%$3,015–$3,685
4BR$3,680+4.5%$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,310$2,430$2,650$3,350$3,680
FY 2026$2,250$2,360$2,590$3,240$3,520
FY 2025$2,150$2,210$2,480$3,100$3,330
FY 2024$2,160$2,220$2,490$3,110$3,350
FY 2023$2,030$2,070$2,340$2,940$3,170

Two-bedroom rent in nearby Kings County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11220
11214$2,880+8.7%
11215$4,460+68.3%
11216$3,910+47.5%
11217$4,460+68.3%
11218$3,270+23.4%
11219$2,820+6.4%
11220Current$2,650—
11221$3,370+27.2%
11222$4,210+58.9%
11223$2,940+10.9%
11224$2,620−1.1%
11225$2,950+11.3%

Questions about ZIP 11220 rents

How much will Section 8 pay for a two-bedroom in ZIP 11220?

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 $2,650 it would be $2,385 to $2,915. 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 11220 in?

ZIP 11220 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 11220 for FY 2027?

The two-bedroom FMR rose 2.3%, from $2,590 in FY 2026 to $2,650 in FY 2027. Since FY 2023 it has risen 13.2%.

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