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Nassau County/Cold Spring Harbor/11724

11724

ZIPSAFMR
Nassau County, NY
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$2,330$2,460
1 BR$2,700$2,910
2 BR$3,180$3,500
3 BR$4,090$4,500
4 BR$4,340$4,770
5 BR$4,991Not available
6 BR$5,740Not available
7 BR$6,601Not available
8 BR$7,591Not available

Purchase Price Calculator

Maximum purchase price
$458,182

Cost breakdown

+Likely effective rent$3,500
HUD FMR$3,180
Market rent$3,880
Est. payment standard (110%)Used$3,500
-Principal and interest-$2,317
Loan amount$366,546
Down payment$91,636
Rate6.50%
Term30 years
-Operating costs-$983
Property taxes-$458
Insurance-$175
Utilities$0
HOA$0
Management-$350
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$55,562(60.6% ROI)
Projected value
$493,412
Return breakdown
Property appreciation+$35,230
Loan principal paid down+$13,132
Rental cash flow+$7,200
5-year hold
+$95,628(104.4% ROI)
Projected value
$518,391
Return breakdown
Property appreciation+$60,209
Loan principal paid down+$23,419
Rental cash flow+$12,000
10-year hold
+$208,132(227.1% ROI)
Projected value
$586,512
Return breakdown
Property appreciation+$128,330
Loan principal paid down+$55,802
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
0.89
2 BR
0.82
3 BR
0.80
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11724 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11724 (Cold Spring Harbor, NY) is $3,180 a month. That is up 0.3% from $3,170 in FY 2026. Cold Spring Harbor 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, 11724 has the 16th-highest two-bedroom rent (county range $2,480–$4,030). The median county two-bedroom FMR in New York is $1,385, so ZIP 11724 is 130% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11724
BedroomsFY 2027Change90–110% range
Studio$2,330+1.3%$2,097–$2,563
1BR$2,700−1.5%$2,430–$2,970
2BR$3,180+0.3%$2,862–$3,498
3BR$4,090−0.5%$3,681–$4,499
4BR$4,3400.0%$3,906–$4,774

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11724
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,330$2,700$3,180$4,090$4,340
FY 2026$2,300$2,740$3,170$4,110$4,340
FY 2025$2,220$2,790$3,250$4,210$4,570
FY 2024$2,460$3,090$3,610$4,670$5,070
FY 2023$2,300$2,870$3,440$4,420$4,860

Two-bedroom rent in nearby Nassau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11724
11691$3,010−5.3%
11701$2,680−15.7%
11709$2,480−22.0%
11710$3,000−5.7%
11714$2,770−12.9%
11724Current$3,180—
11732$3,500+10.1%
11735$2,700−15.1%
11743$2,940−7.5%
11753$2,910−8.5%
11756$2,920−8.2%
11758$2,770−12.9%

Questions about ZIP 11724 rents

How much will Section 8 pay for a two-bedroom in ZIP 11724?

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 $3,180 it would be $2,862 to $3,498. 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 11724 in?

ZIP 11724 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 11724 for FY 2027?

The two-bedroom FMR rose 0.3%, from $3,170 in FY 2026 to $3,180 in FY 2027. Since FY 2023 it has fallen 7.6%.

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 rentCold Spring Harbor, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources