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Queens County/Maspeth/11378

11378

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$2,810$2,390
1 BR$2,960$2,520
2 BR$3,220$3,240
3 BR$4,070$3,610
4 BR$4,470$3,340
5 BR$5,141Not available
6 BR$5,912Not available
7 BR$6,798Not available
8 BR$7,818Not available

Purchase Price Calculator

Maximum purchase price
$419,546

Cost breakdown

+Likely effective rent$3,240
HUD FMR$3,220
Market rent$3,250
Est. payment standard (101%)Used$3,240
-Principal and interest-$2,121
Loan amount$335,637
Down payment$83,909
Rate6.50%
Term30 years
-Operating costs-$919
Property taxes-$420
Insurance-$175
Utilities$0
HOA$0
Management-$324
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,484(61.4% ROI)
Projected value
$451,805
Return breakdown
Property appreciation+$32,259
Loan principal paid down+$12,025
Rental cash flow+$7,200
5-year hold
+$88,576(105.6% ROI)
Projected value
$474,678
Return breakdown
Property appreciation+$55,132
Loan principal paid down+$21,444
Rental cash flow+$12,000
10-year hold
+$192,605(229.5% ROI)
Projected value
$537,055
Return breakdown
Property appreciation+$117,508
Loan principal paid down+$51,097
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.17
2 BR
0.99
3 BR
1.13
4 BR
1.34
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11378 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11378 (Maspeth, NY) is $3,220 a month. That is up 4.2% from $3,090 in FY 2026. Maspeth 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, 11378 has the 31st-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11378 is 132% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11378
BedroomsFY 2027Change90–110% range
Studio$2,810+4.5%$2,529–$3,091
1BR$2,960+5.0%$2,664–$3,256
2BR$3,220+4.2%$2,898–$3,542
3BR$4,070+5.2%$3,663–$4,477
4BR$4,470+6.4%$4,023–$4,917

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11378
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,810$2,960$3,220$4,070$4,470
FY 2026$2,690$2,820$3,090$3,870$4,200
FY 2025$2,480$2,590$2,870$3,580$3,860
FY 2024$2,480$2,550$2,860$3,570$3,850
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. 11378
11370$3,210−0.3%
11371$3,050−5.3%
11372$3,210−0.3%
11373$3,320+3.1%
11374$3,540+9.9%
11375$3,770+17.1%
11377$3,090−4.0%
11378Current$3,220—
11379$3,420+6.2%
11380$3,050−5.3%
11385$3,090−4.0%
11386$3,050−5.3%

Questions about ZIP 11378 rents

How much will Section 8 pay for a two-bedroom in ZIP 11378?

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 $3,220 it would be $2,898 to $3,542. 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 11378 in?

ZIP 11378 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 11378 for FY 2027?

The two-bedroom FMR rose 4.2%, from $3,090 in FY 2026 to $3,220 in FY 2027. Since FY 2023 it has risen 19.7%.

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