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Nassau County/Garden City/11530

11530

ZIPSAFMR
Nassau County, NY
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$2,250$2,430
1 BR$2,730$3,000
2 BR$3,150$3,470
3 BR$4,080$4,490
4 BR$4,380$4,820
5 BR$5,037Not available
6 BR$5,793Not available
7 BR$6,661Not available
8 BR$7,661Not available

Purchase Price Calculator

Maximum purchase price
$453,724

Cost breakdown

+Likely effective rent$3,470
HUD FMR$3,150
Market rent$4,880
Est. payment standard (110%)Used$3,470
-Principal and interest-$2,294
Loan amount$362,979
Down payment$90,745
Rate6.50%
Term30 years
-Operating costs-$976
Property taxes-$454
Insurance-$175
Utilities$0
HOA$0
Management-$347
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$55,092(60.7% ROI)
Projected value
$488,611
Return breakdown
Property appreciation+$34,887
Loan principal paid down+$13,005
Rental cash flow+$7,200
5-year hold
+$94,814(104.5% ROI)
Projected value
$513,347
Return breakdown
Property appreciation+$59,623
Loan principal paid down+$23,191
Rental cash flow+$12,000
10-year hold
+$206,341(227.4% ROI)
Projected value
$580,805
Return breakdown
Property appreciation+$127,081
Loan principal paid down+$55,260
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.81
2 BR
0.65
3 BR
0.78
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11530 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11530 (Garden City, NY) is $3,150 a month. That is down 10.0% from $3,500 in FY 2026. Garden City is in the Nassau-Suffolk, 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 $2,689. Among 86 ZIP codes in Nassau County, 11530 has the 17th-highest two-bedroom rent (county range $2,480–$4,030). The median county two-bedroom FMR in New York is $1,385, so ZIP 11530 is 127% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11530
BedroomsFY 2027Change90–110% range
Studio$2,250−10.0%$2,025–$2,475
1BR$2,730−9.9%$2,457–$3,003
2BR$3,150−10.0%$2,835–$3,465
3BR$4,080−9.9%$3,672–$4,488
4BR$4,380−9.9%$3,942–$4,818

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11530
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,250$2,730$3,150$4,080$4,380
FY 2026$2,500$3,030$3,500$4,530$4,860
FY 2025$2,770$3,360$3,880$5,030$5,390
FY 2024$2,560$3,210$3,760$4,870$5,280
FY 2023$2,310$2,880$3,450$4,430$4,870

Two-bedroom rent in nearby Nassau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11530
11510$2,480−21.3%
11514$2,760−12.4%
11516$2,600−17.5%
11518$2,750−12.7%
11520$2,480−21.3%
11530Current$3,150—
11531$2,710−14.0%
11542$2,840−9.8%
11545$2,660−15.6%
11547$2,480−21.3%
11548$3,050−3.2%
11549$2,700−14.3%

Questions about ZIP 11530 rents

How much will Section 8 pay for a two-bedroom in ZIP 11530?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $3,150 it would be $2,835 to $3,465. 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 11530 in?

ZIP 11530 is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.

How much did fair market rent change in ZIP 11530 for FY 2027?

The two-bedroom FMR fell 10.0%, from $3,500 in FY 2026 to $3,150 in FY 2027. Since FY 2023 it has fallen 8.7%.

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