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Queens County/Oakland Gardens/11364

11364

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$3,150$2,330
1 BR$3,320$2,420
2 BR$3,610$3,500
3 BR$4,570$3,900
4 BR$5,010$5,140
5 BR$5,762Not available
6 BR$6,626Not available
7 BR$7,620Not available
8 BR$8,763Not available

Purchase Price Calculator

Maximum purchase price
$458,182

Cost breakdown

+Likely effective rent$3,500
HUD FMR$3,610
Market rentUsed$3,500
Est. payment standard (98%)$3,540
-Principal and interest-$2,317
Loan amount$366,546
Down payment$91,636
Rate6.50%
Term30 years
-Operating costs-$983
Property taxes-$458
Insurance-$175
Utilities$0
HOA$0
Management-$350
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$55,562(60.6% ROI)
Projected value
$493,412
Return breakdown
Property appreciation+$35,230
Loan principal paid down+$13,132
Rental cash flow+$7,200
5-year hold
+$95,628(104.4% ROI)
Projected value
$518,391
Return breakdown
Property appreciation+$60,209
Loan principal paid down+$23,419
Rental cash flow+$12,000
10-year hold
+$208,132(227.1% ROI)
Projected value
$586,512
Return breakdown
Property appreciation+$128,330
Loan principal paid down+$55,802
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.37
2 BR
1.03
3 BR
1.17
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11364 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11364 (Oakland Gardens, NY) is $3,610 a month. That is up 2.3% from $3,530 in FY 2026. Oakland Gardens 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 79 ZIP codes in Queens County, 11364 has the 10th-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11364 is 161% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11364
BedroomsFY 2027Change90–110% range
Studio$3,150+2.6%$2,835–$3,465
1BR$3,320+3.1%$2,988–$3,652
2BR$3,610+2.3%$3,249–$3,971
3BR$4,570+3.4%$4,113–$5,027
4BR$5,010+4.4%$4,509–$5,511

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11364
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,150$3,320$3,610$4,570$5,010
FY 2026$3,070$3,220$3,530$4,420$4,800
FY 2025$2,860$2,980$3,300$4,110$4,440
FY 2024$2,750$2,820$3,170$3,960$4,260
FY 2023$2,440$2,500$2,820$3,540$3,820

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11364
11358$3,410−5.5%
11359$3,050−15.5%
11360$3,820+5.8%
11361$3,630+0.6%
11362$4,380+21.3%
11363$3,530−2.2%
11364Current$3,610—
11365$2,930−18.8%
11366$3,270−9.4%
11367$3,000−16.9%
11368$3,190−11.6%
11369$3,050−15.5%

Questions about ZIP 11364 rents

How much will Section 8 pay for a two-bedroom in ZIP 11364?

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 $3,610 it would be $3,249 to $3,971. 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 11364 in?

ZIP 11364 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 11364 for FY 2027?

The two-bedroom FMR rose 2.3%, from $3,530 in FY 2026 to $3,610 in FY 2027. Since FY 2023 it has risen 28.0%.

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