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Queens County/East Elmhurst/11369

11369

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$2,660$2,320
1 BR$2,800$2,500
2 BR$3,050$2,880
3 BR$3,860$3,500
4 BR$4,230$3,490
5 BR$4,865Not available
6 BR$5,594Not available
7 BR$6,433Not available
8 BR$7,398Not available

Purchase Price Calculator

Maximum purchase price
$366,050

Cost breakdown

+Likely effective rent$2,880
HUD FMR$3,050
Market rentUsed$2,880
Est. payment standard (96%)$2,940
-Principal and interest-$1,851
Loan amount$292,840
Down payment$73,210
Rate6.50%
Term30 years
-Operating costs-$829
Property taxes-$366
Insurance-$175
Utilities$0
HOA$0
Management-$288
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,838(62.6% ROI)
Projected value
$394,196
Return breakdown
Property appreciation+$28,146
Loan principal paid down+$10,492
Rental cash flow+$7,200
5-year hold
+$78,812(107.7% ROI)
Projected value
$414,152
Return breakdown
Property appreciation+$48,102
Loan principal paid down+$18,710
Rental cash flow+$12,000
10-year hold
+$171,107(233.7% ROI)
Projected value
$468,575
Return breakdown
Property appreciation+$102,525
Loan principal paid down+$44,582
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.12
2 BR
1.06
3 BR
1.10
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11369 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11369 (East Elmhurst, NY) is $3,050 a month. That is down 0.3% from $3,060 in FY 2026. East Elmhurst 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, 11369 is tied for the 44th-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11369 is 120% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11369
BedroomsFY 2027Change90–110% range
Studio$2,6600.0%$2,394–$2,926
1BR$2,800+0.4%$2,520–$3,080
2BR$3,050−0.3%$2,745–$3,355
3BR$3,860+0.8%$3,474–$4,246
4BR$4,230+1.7%$3,807–$4,653

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11369
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,660$2,800$3,050$3,860$4,230
FY 2026$2,660$2,790$3,060$3,830$4,160
FY 2025$2,460$2,560$2,840$3,540$3,820
FY 2024$2,510$2,570$2,890$3,610$3,890
FY 2023$2,340$2,390$2,700$3,390$3,650

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11369
11363$3,530+15.7%
11364$3,610+18.4%
11365$2,930−3.9%
11366$3,270+7.2%
11367$3,000−1.6%
11368$3,190+4.6%
11369Current$3,050—
11370$3,210+5.2%
11371$3,0500.0%
11372$3,210+5.2%
11373$3,320+8.9%
11374$3,540+16.1%

Questions about ZIP 11369 rents

How much will Section 8 pay for a two-bedroom in ZIP 11369?

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 $3,050 it would be $2,745 to $3,355. 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 11369 in?

ZIP 11369 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 11369 for FY 2027?

The two-bedroom FMR fell 0.3%, from $3,060 in FY 2026 to $3,050 in FY 2027. Since FY 2023 it has risen 13.0%.

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