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Nassau County/Roosevelt/11575

11575

ZIPSAFMR
Nassau County, NY
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$2,260$2,000
1 BR$2,630$2,340
2 BR$3,090$3,250
3 BR$3,970$4,140
4 BR$4,220$4,640
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
$421,032

Cost breakdown

+Likely effective rent$3,250
HUD FMR$3,090
Market rent$3,330
Est. payment standard (105%)Used$3,250
-Principal and interest-$2,129
Loan amount$336,826
Down payment$84,206
Rate6.50%
Term30 years
-Operating costs-$921
Property taxes-$421
Insurance-$175
Utilities$0
HOA$0
Management-$325
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,641(61.3% ROI)
Projected value
$453,406
Return breakdown
Property appreciation+$32,373
Loan principal paid down+$12,068
Rental cash flow+$7,200
5-year hold
+$88,847(105.5% ROI)
Projected value
$476,359
Return breakdown
Property appreciation+$55,327
Loan principal paid down+$21,520
Rental cash flow+$12,000
10-year hold
+$193,203(229.4% ROI)
Projected value
$538,957
Return breakdown
Property appreciation+$117,925
Loan principal paid down+$51,278
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.12
2 BR
0.93
3 BR
0.94
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11575 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11575 (Roosevelt, NY) is $3,090 a month. That is down 1.9% from $3,150 in FY 2026. Roosevelt 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, 11575 has the 21st-highest two-bedroom rent (county range $2,480–$4,030). The median county two-bedroom FMR in New York is $1,385, so ZIP 11575 is 123% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11575
BedroomsFY 2027Change90–110% range
Studio$2,260−0.9%$2,034–$2,486
1BR$2,630−3.7%$2,367–$2,893
2BR$3,090−1.9%$2,781–$3,399
3BR$3,970−2.9%$3,573–$4,367
4BR$4,220−2.3%$3,798–$4,642

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11575
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,260$2,630$3,090$3,970$4,220
FY 2026$2,280$2,730$3,150$4,090$4,320
FY 2025$2,130$2,580$2,980$3,860$4,140
FY 2024$1,880$2,360$2,760$3,570$3,870
FY 2023$1,660$2,080$2,490$3,200$3,520

Two-bedroom rent in nearby Nassau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11575
11568$2,760−10.7%
11569$3,000−2.9%
11570$2,480−19.7%
11571$2,710−12.3%
11572$2,640−14.6%
11575Current$3,090—
11576$2,830−8.4%
11577$2,880−6.8%
11579$2,750−11.0%
11580$2,620−15.2%
11581$2,560−17.2%
11582$2,710−12.3%

Questions about ZIP 11575 rents

How much will Section 8 pay for a two-bedroom in ZIP 11575?

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 $3,090 it would be $2,781 to $3,399. 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 11575 in?

ZIP 11575 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 11575 for FY 2027?

The two-bedroom FMR fell 1.9%, from $3,150 in FY 2026 to $3,090 in FY 2027. Since FY 2023 it has risen 24.1%.

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