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Queens County/Queens Village/11428

11428

ZIPSAFMR
Queens County, NY
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$2,530$2,240
1 BR$2,660$2,140
2 BR$2,900$2,980
3 BR$3,670$3,870
4 BR$4,020$4,420
5 BR$4,623Not available
6 BR$5,316Not available
7 BR$6,114Not available
8 BR$7,031Not available

Purchase Price Calculator

Maximum purchase price
$380,910

Cost breakdown

+Likely effective rent$2,980
HUD FMR$2,900
Market rent$3,020
Est. payment standard (103%)Used$2,980
-Principal and interest-$1,926
Loan amount$304,728
Down payment$76,182
Rate6.50%
Term30 years
-Operating costs-$854
Property taxes-$381
Insurance-$175
Utilities$0
HOA$0
Management-$298
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,406(62.2% ROI)
Projected value
$410,199
Return breakdown
Property appreciation+$29,288
Loan principal paid down+$10,918
Rental cash flow+$7,200
5-year hold
+$81,524(107.0% ROI)
Projected value
$430,965
Return breakdown
Property appreciation+$50,055
Loan principal paid down+$19,469
Rental cash flow+$12,000
10-year hold
+$177,079(232.4% ROI)
Projected value
$487,597
Return breakdown
Property appreciation+$106,687
Loan principal paid down+$46,391
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.24
2 BR
0.96
3 BR
0.92
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11428 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11428 (Queens Village, NY) is $2,900 a month. That is up 4.3% from $2,780 in FY 2026. Queens Village 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, 11428 has the 63rd-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11428 is 109% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11428
BedroomsFY 2027Change90–110% range
Studio$2,530+4.5%$2,277–$2,783
1BR$2,660+4.7%$2,394–$2,926
2BR$2,900+4.3%$2,610–$3,190
3BR$3,670+5.5%$3,303–$4,037
4BR$4,020+6.3%$3,618–$4,422

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11428
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,530$2,660$2,900$3,670$4,020
FY 2026$2,420$2,540$2,780$3,480$3,780
FY 2025$2,270$2,370$2,620$3,270$3,520
FY 2024$2,220$2,280$2,560$3,190$3,440
FY 2023$2,010$2,050$2,320$2,910$3,140

Two-bedroom rent in nearby Queens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11428
11422$3,630+25.2%
11423$2,690−7.2%
11424$3,050+5.2%
11426$3,350+15.5%
11427$2,690−7.2%
11428Current$2,900—
11429$2,660−8.3%
11430$2,880−0.7%
11431$3,050+5.2%
11432$3,310+14.1%
11433$2,700−6.9%
11434$2,620−9.7%

Questions about ZIP 11428 rents

How much will Section 8 pay for a two-bedroom in ZIP 11428?

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 $2,900 it would be $2,610 to $3,190. 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 11428 in?

ZIP 11428 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 11428 for FY 2027?

The two-bedroom FMR rose 4.3%, from $2,780 in FY 2026 to $2,900 in FY 2027. Since FY 2023 it has risen 25.0%.

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