11242

ZIPSAFMR

Kings County, NY

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$2,590	$2,790	3.0%
1 BR	$2,730	$2,650	4.0%
2 BR	$2,970	$2,950	2.8%
3 BR	$3,760	$3,010	3.3%
4 BR	$4,120	$2,830	3.9%
5 BR	$4,738	Not available	3.9%
6 BR	$5,449	Not available	3.9%
7 BR	$6,266	Not available	3.9%
8 BR	$7,206	Not available	3.9%

Purchase Price Calculator

Maximum purchase price

$376,452

Cost breakdown

+Likely effective rent$2,950

HUD FMR$2,970

Market rentUsed$2,950

Est. payment standard (100%)$2,960

-Principal and interest-$1,904

Loan amount$301,162

Down payment$75,290

Rate6.50%

Term30 years

-Operating costs-$846

Property taxes-$376

Insurance-$175

Utilities$0

HOA$0

Management-$295

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$46,936(62.3% ROI)

Projected value

$405,398

Return breakdown

Property appreciation+$28,946

Loan principal paid down+$10,790

Rental cash flow+$7,200

5-year hold

+$80,710(107.2% ROI)

Projected value

$425,921

Return breakdown

Property appreciation+$49,469

Loan principal paid down+$19,241

Rental cash flow+$12,000

10-year hold

+$175,287(232.8% ROI)

Projected value

$481,891

Return breakdown

Property appreciation+$105,438

Loan principal paid down+$45,848

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.90ratio

FMR$2,590

Market$2,890

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.90

1 BR

1.03ratio

FMR$2,730

Market$2,650

vs market+$80

FMR is near market; voucher and private rents are aligned.

1.03

2 BR

1.01ratio

FMR$2,970

Market$2,950

vs market+$20

FMR is near market; voucher and private rents are aligned.

1.01

3 BR

1.25ratio

FMR$3,760

Market$3,010

vs market+$750

FMR is above market; underwrite to market rent.

1.25

4 BR

1.46ratio

FMR$4,120

Market$2,830

vs market+$1,290

FMR is above market; underwrite to market rent.

1.46

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 11242 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11242 (Brooklyn, NY) is $2,970 a month. That is up 2.1% from $2,910 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, 11242 is tied for the 23rd-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 11242 is 114% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11242
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$2,530	$2,590	+2.4%	$2,331–$2,849
1BR	$2,650	$2,730	+3.0%	$2,457–$3,003
2BR	$2,910	$2,970	+2.1%	$2,673–$3,267
3BR	$3,640	$3,760	+3.3%	$3,384–$4,136
4BR	$3,960	$4,120	+4.0%	$3,708–$4,532

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11242
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$2,590	$2,730	$2,970	$3,760	$4,120
FY 2026	$2,530	$2,650	$2,910	$3,640	$3,960
FY 2025	$2,400	$2,500	$2,770	$3,450	$3,720
FY 2024	$2,370	$2,430	$2,730	$3,410	$3,670
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 code	2 bedroom	vs. 11242
11233	$2,840	−4.4%
11234	$3,020	+1.7%
11235	$2,890	−2.7%
11236	$2,870	−3.4%
11237	$3,270	+10.1%
11238	$4,460	+50.2%
11239	$2,620	−11.8%
11241	$2,970	0.0%
11242Current	$2,970	—
11243	$2,970	0.0%
11247	$2,970	0.0%
11249	$3,680	+23.9%

Questions about ZIP 11242 rents

How much will Section 8 pay for a two-bedroom in ZIP 11242?

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 $2,970 it would be $2,673 to $3,267. 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 11242 in?

ZIP 11242 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 11242 for FY 2027?

The two-bedroom FMR rose 2.1%, from $2,910 in FY 2026 to $2,970 in FY 2027. Since FY 2023 it has risen 23.2%.

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 rent Brooklyn, NY fair market rent NY statewide rents What is SAFMR?Data sources