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Queens County/Woodhaven/11421

11421

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$2,650$2,270
1 BR$2,790$2,220
2 BR$3,040$2,970
3 BR$3,850$3,430
4 BR$4,220$3,920
5 BR$4,853Not available
6 BR$5,581Not available
7 BR$6,418Not available
8 BR$7,381Not available

Purchase Price Calculator

Maximum purchase price
$379,424

Cost breakdown

+Likely effective rent$2,970
HUD FMR$3,040
Market rentUsed$2,970
Est. payment standard (99%)$2,990
-Principal and interest-$1,919
Loan amount$303,539
Down payment$75,885
Rate6.50%
Term30 years
-Operating costs-$851
Property taxes-$379
Insurance-$175
Utilities$0
HOA$0
Management-$297
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,249(62.3% ROI)
Projected value
$408,598
Return breakdown
Property appreciation+$29,174
Loan principal paid down+$10,875
Rental cash flow+$7,200
5-year hold
+$81,253(107.1% ROI)
Projected value
$429,284
Return breakdown
Property appreciation+$49,859
Loan principal paid down+$19,393
Rental cash flow+$12,000
10-year hold
+$176,481(232.6% ROI)
Projected value
$485,695
Return breakdown
Property appreciation+$106,271
Loan principal paid down+$46,210
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.26
2 BR
1.02
3 BR
1.12
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11421 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11421 (Woodhaven, NY) is $3,040 a month. That is down 1.3% from $3,080 in FY 2026. Woodhaven 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, 11421 has the 55th-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11421 is 119% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11421
BedroomsFY 2027Change90–110% range
Studio$2,650−1.1%$2,385–$2,915
1BR$2,790−0.7%$2,511–$3,069
2BR$3,040−1.3%$2,736–$3,344
3BR$3,850−0.3%$3,465–$4,235
4BR$4,220+0.7%$3,798–$4,642

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11421
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,650$2,790$3,040$3,850$4,220
FY 2026$2,680$2,810$3,080$3,860$4,190
FY 2025$2,470$2,570$2,850$3,550$3,830
FY 2024$2,490$2,560$2,870$3,580$3,860
FY 2023$2,300$2,360$2,660$3,340$3,600

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11421
11415$3,310+8.9%
11416$3,030−0.3%
11417$2,940−3.3%
11418$3,030−0.3%
11419$3,270+7.6%
11420$3,210+5.6%
11421Current$3,040—
11422$3,630+19.4%
11423$2,690−11.5%
11424$3,050+0.3%
11426$3,350+10.2%
11427$2,690−11.5%

Questions about ZIP 11421 rents

How much will Section 8 pay for a two-bedroom in ZIP 11421?

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 $3,040 it would be $2,736 to $3,344. 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 11421 in?

ZIP 11421 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 11421 for FY 2027?

The two-bedroom FMR fell 1.3%, from $3,080 in FY 2026 to $3,040 in FY 2027. Since FY 2023 it has risen 14.3%.

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