Skip to main content
Loading page
Queens County/Corona/11368

11368

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$2,780$2,170
1 BR$2,930$2,420
2 BR$3,190$3,360
3 BR$4,040$3,520
4 BR$4,420$3,800
5 BR$5,083Not available
6 BR$5,845Not available
7 BR$6,722Not available
8 BR$7,731Not available

Purchase Price Calculator

Maximum purchase price
$437,378

Cost breakdown

+Likely effective rent$3,360
HUD FMR$3,190
Market rent$3,450
Est. payment standard (105%)Used$3,360
-Principal and interest-$2,212
Loan amount$349,903
Down payment$87,476
Rate6.50%
Term30 years
-Operating costs-$948
Property taxes-$437
Insurance-$175
Utilities$0
HOA$0
Management-$336
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,366(61.0% ROI)
Projected value
$471,008
Return breakdown
Property appreciation+$33,630
Loan principal paid down+$12,536
Rental cash flow+$7,200
5-year hold
+$91,830(105.0% ROI)
Projected value
$494,853
Return breakdown
Property appreciation+$57,475
Loan principal paid down+$22,355
Rental cash flow+$12,000
10-year hold
+$199,772(228.4% ROI)
Projected value
$559,881
Return breakdown
Property appreciation+$122,503
Loan principal paid down+$53,269
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.28
1 BR
1.21
2 BR
0.92
3 BR
1.15
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11368 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11368 (Corona, NY) is $3,190 a month. That is up 2.9% from $3,100 in FY 2026. Corona 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, 11368 has the 36th-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11368 is 130% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11368
BedroomsFY 2027Change90–110% range
Studio$2,780+3.3%$2,502–$3,058
1BR$2,930+3.5%$2,637–$3,223
2BR$3,190+2.9%$2,871–$3,509
3BR$4,040+4.1%$3,636–$4,444
4BR$4,420+4.7%$3,978–$4,862

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11368
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,780$2,930$3,190$4,040$4,420
FY 2026$2,690$2,830$3,100$3,880$4,220
FY 2025$2,480$2,590$2,870$3,580$3,860
FY 2024$2,500$2,570$2,880$3,590$3,870
FY 2023$2,330$2,380$2,690$3,380$3,640

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11368
11362$4,380+37.3%
11363$3,530+10.7%
11364$3,610+13.2%
11365$2,930−8.2%
11366$3,270+2.5%
11367$3,000−6.0%
11368Current$3,190—
11369$3,050−4.4%
11370$3,210+0.6%
11371$3,050−4.4%
11372$3,210+0.6%
11373$3,320+4.1%

Questions about ZIP 11368 rents

How much will Section 8 pay for a two-bedroom in ZIP 11368?

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 $3,190 it would be $2,871 to $3,509. 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 11368 in?

ZIP 11368 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 11368 for FY 2027?

The two-bedroom FMR rose 2.9%, from $3,100 in FY 2026 to $3,190 in FY 2027. Since FY 2023 it has risen 18.6%.

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