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Queens County/Fresh Meadows/11365

11365

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$2,560$2,510
1 BR$2,690$2,210
2 BR$2,930$3,220
3 BR$3,710$4,080
4 BR$4,060$4,470
5 BR$4,669Not available
6 BR$5,369Not available
7 BR$6,175Not available
8 BR$7,101Not available

Purchase Price Calculator

Maximum purchase price
$416,574

Cost breakdown

+Likely effective rent$3,220
HUD FMR$2,930
Market rent$3,810
Est. payment standard (110%)Used$3,220
-Principal and interest-$2,106
Loan amount$333,259
Down payment$83,315
Rate6.50%
Term30 years
-Operating costs-$914
Property taxes-$417
Insurance-$175
Utilities$0
HOA$0
Management-$322
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,171(61.4% ROI)
Projected value
$448,605
Return breakdown
Property appreciation+$32,031
Loan principal paid down+$11,940
Rental cash flow+$7,200
5-year hold
+$88,033(105.7% ROI)
Projected value
$471,315
Return breakdown
Property appreciation+$54,741
Loan principal paid down+$21,292
Rental cash flow+$12,000
10-year hold
+$191,411(229.7% ROI)
Projected value
$533,250
Return breakdown
Property appreciation+$116,676
Loan principal paid down+$50,735
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.22
2 BR
0.77
3 BR
0.86
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11365 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11365 (Fresh Meadows, NY) is $2,930 a month. That is up 7.7% from $2,720 in FY 2026. Fresh Meadows 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, 11365 has the 61st-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11365 is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11365
BedroomsFY 2027Change90–110% range
Studio$2,560+8.5%$2,304–$2,816
1BR$2,690+8.5%$2,421–$2,959
2BR$2,930+7.7%$2,637–$3,223
3BR$3,710+8.8%$3,339–$4,081
4BR$4,060+9.7%$3,654–$4,466

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11365
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,560$2,690$2,930$3,710$4,060
FY 2026$2,360$2,480$2,720$3,410$3,700
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$2,040$2,080$2,350$2,950$3,180

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11365
11359$3,050+4.1%
11360$3,820+30.4%
11361$3,630+23.9%
11362$4,380+49.5%
11363$3,530+20.5%
11364$3,610+23.2%
11365Current$2,930—
11366$3,270+11.6%
11367$3,000+2.4%
11368$3,190+8.9%
11369$3,050+4.1%
11370$3,210+9.6%

Questions about ZIP 11365 rents

How much will Section 8 pay for a two-bedroom in ZIP 11365?

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 $2,930 it would be $2,637 to $3,223. 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 11365 in?

ZIP 11365 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 11365 for FY 2027?

The two-bedroom FMR rose 7.7%, from $2,720 in FY 2026 to $2,930 in FY 2027. Since FY 2023 it has risen 24.7%.

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