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Queens County/Jackson Heights/11372

11372

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,800$2,420
1 BR$2,950$2,560
2 BR$3,210$2,840
3 BR$4,060$3,690
4 BR$4,450$3,070
5 BR$5,118Not available
6 BR$5,885Not available
7 BR$6,768Not available
8 BR$7,783Not available

Purchase Price Calculator

Maximum purchase price
$360,106

Cost breakdown

+Likely effective rent$2,840
HUD FMR$3,210
Market rentUsed$2,840
Est. payment standard (93%)$2,970
-Principal and interest-$1,821
Loan amount$288,085
Down payment$72,021
Rate6.50%
Term30 years
-Operating costs-$819
Property taxes-$360
Insurance-$175
Utilities$0
HOA$0
Management-$284
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,210(62.8% ROI)
Projected value
$387,795
Return breakdown
Property appreciation+$27,689
Loan principal paid down+$10,321
Rental cash flow+$7,200
5-year hold
+$77,727(107.9% ROI)
Projected value
$407,427
Return breakdown
Property appreciation+$47,321
Loan principal paid down+$18,406
Rental cash flow+$12,000
10-year hold
+$168,718(234.3% ROI)
Projected value
$460,967
Return breakdown
Property appreciation+$100,860
Loan principal paid down+$43,858
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.15
2 BR
1.13
3 BR
1.10
4 BR
1.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11372 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11372 (Jackson Heights, NY) is $3,210 a month. That is up 3.5% from $3,100 in FY 2026. Jackson Heights 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, 11372 is tied for the 32nd-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11372 is 132% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11372
BedroomsFY 2027Change90–110% range
Studio$2,800+4.1%$2,520–$3,080
1BR$2,950+4.2%$2,655–$3,245
2BR$3,210+3.5%$2,889–$3,531
3BR$4,060+4.6%$3,654–$4,466
4BR$4,450+5.5%$4,005–$4,895

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11372
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,800$2,950$3,210$4,060$4,450
FY 2026$2,690$2,830$3,100$3,880$4,220
FY 2025$2,460$2,560$2,840$3,540$3,820
FY 2024$2,420$2,490$2,790$3,480$3,750
FY 2023$2,220$2,270$2,560$3,220$3,460

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11372
11366$3,270+1.9%
11367$3,000−6.5%
11368$3,190−0.6%
11369$3,050−5.0%
11370$3,2100.0%
11371$3,050−5.0%
11372Current$3,210—
11373$3,320+3.4%
11374$3,540+10.3%
11375$3,770+17.4%
11377$3,090−3.7%
11378$3,220+0.3%

Questions about ZIP 11372 rents

How much will Section 8 pay for a two-bedroom in ZIP 11372?

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 $3,210 it would be $2,889 to $3,531. 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 11372 in?

ZIP 11372 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 11372 for FY 2027?

The two-bedroom FMR rose 3.5%, from $3,100 in FY 2026 to $3,210 in FY 2027. Since FY 2023 it has risen 25.4%.

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