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Kings County/Brooklyn/11237

11237

ZIPSAFMR
Kings County, NY
Zillow

ZIP Investment Score

33Below average

095130300
BRFMR
Eff. Rent
0 BR$2,850$2,900
1 BR$3,000$3,080
2 BR$3,270$3,350
3 BR$4,140$3,490
4 BR$4,540$4,640
5 BR$5,221Not available
6 BR$6,004Not available
7 BR$6,905Not available
8 BR$7,940Not available

Purchase Price Calculator

Maximum purchase price
$435,892

Cost breakdown

+Likely effective rent$3,350
HUD FMR$3,270
Market rent$3,400
Est. payment standard (103%)Used$3,350
-Principal and interest-$2,204
Loan amount$348,714
Down payment$87,178
Rate6.50%
Term30 years
-Operating costs-$946
Property taxes-$436
Insurance-$175
Utilities$0
HOA$0
Management-$335
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,210(61.0% ROI)
Projected value
$469,408
Return breakdown
Property appreciation+$33,516
Loan principal paid down+$12,494
Rental cash flow+$7,200
5-year hold
+$91,559(105.0% ROI)
Projected value
$493,172
Return breakdown
Property appreciation+$57,280
Loan principal paid down+$22,279
Rental cash flow+$12,000
10-year hold
+$199,174(228.5% ROI)
Projected value
$557,979
Return breakdown
Property appreciation+$122,087
Loan principal paid down+$53,088
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.96
2 BR
0.96
3 BR
1.19
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11237 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11237 (Brooklyn, NY) is $3,270 a month. That is up 8.3% from $3,020 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, 11237 is tied for the 14th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 11237 is 136% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11237
BedroomsFY 2027Change90–110% range
Studio$2,850+8.8%$2,565–$3,135
1BR$3,000+9.1%$2,700–$3,300
2BR$3,270+8.3%$2,943–$3,597
3BR$4,140+9.5%$3,726–$4,554
4BR$4,540+10.5%$4,086–$4,994

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11237
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,850$3,000$3,270$4,140$4,540
FY 2026$2,620$2,750$3,020$3,780$4,110
FY 2025$2,300$2,400$2,660$3,320$3,580
FY 2024$2,220$2,280$2,560$3,190$3,440
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. 11237
11231$4,460+36.4%
11232$2,980−8.9%
11233$2,840−13.1%
11234$3,020−7.6%
11235$2,890−11.6%
11236$2,870−12.2%
11237Current$3,270—
11238$4,460+36.4%
11239$2,620−19.9%
11241$2,970−9.2%
11242$2,970−9.2%
11243$2,970−9.2%

Questions about ZIP 11237 rents

How much will Section 8 pay for a two-bedroom in ZIP 11237?

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 $3,270 it would be $2,943 to $3,597. 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 11237 in?

ZIP 11237 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 11237 for FY 2027?

The two-bedroom FMR rose 8.3%, from $3,020 in FY 2026 to $3,270 in FY 2027. Since FY 2023 it has risen 39.7%.

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