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Suffolk County/Sag Harbor/11963

11963

ZIPSAFMR
Suffolk County, NY
Zillow

ZIP Investment Score

32Below average

095130300
BRFMR
Eff. Rent
0 BR$2,670$2,940
1 BR$3,110$3,420
2 BR$3,660$4,030
3 BR$4,710$5,180
4 BR$5,000$5,500
5 BR$5,750Not available
6 BR$6,612Not available
7 BR$7,604Not available
8 BR$8,745Not available

Purchase Price Calculator

Maximum purchase price
$536,940

Cost breakdown

+Likely effective rent$4,030
HUD FMR$3,660
Market rent$13,320
Est. payment standard (110%)Used$4,030
-Principal and interest-$2,715
Loan amount$429,552
Down payment$107,388
Rate6.50%
Term30 years
-Operating costs-$1,115
Property taxes-$537
Insurance-$175
Utilities$0
HOA$0
Management-$403
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$63,875(59.5% ROI)
Projected value
$578,226
Return breakdown
Property appreciation+$41,286
Loan principal paid down+$15,390
Rental cash flow+$7,200
5-year hold
+$110,002(102.4% ROI)
Projected value
$607,498
Return breakdown
Property appreciation+$70,558
Loan principal paid down+$27,444
Rental cash flow+$12,000
10-year hold
+$239,783(223.3% ROI)
Projected value
$687,328
Return breakdown
Property appreciation+$150,389
Loan principal paid down+$65,394
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.49
1 BR
0.39
2 BR
0.27
3 BR
0.42
4 BR
0.33
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11963 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11963 (Sag Harbor, NY) is $3,660 a month. That is down 1.6% from $3,720 in FY 2026. Sag 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 111 ZIP codes in Suffolk County, 11963 has the 5th-highest two-bedroom rent (county range $2,480–$3,920). The median county two-bedroom FMR in New York is $1,385, so ZIP 11963 is 164% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11963
BedroomsFY 2027Change90–110% range
Studio$2,670−1.1%$2,403–$2,937
1BR$3,110−3.4%$2,799–$3,421
2BR$3,660−1.6%$3,294–$4,026
3BR$4,710−2.5%$4,239–$5,181
4BR$5,000−2.0%$4,500–$5,500

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11963
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,670$3,110$3,660$4,710$5,000
FY 2026$2,700$3,220$3,720$4,830$5,100
FY 2025$2,420$2,940$3,390$4,390$4,710
FY 2024$2,120$2,660$3,110$4,020$4,370
FY 2023$1,840$2,290$2,750$3,530$3,890

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11963
11957$2,950−19.4%
11958$2,630−28.1%
11959$3,800+3.8%
11960$2,670−27.0%
11961$2,480−32.2%
11962$2,670−27.0%
11963Current$3,660—
11964$3,610−1.4%
11965$2,850−22.1%
11967$2,630−28.1%
11968$2,620−28.4%
11969$2,670−27.0%

Questions about ZIP 11963 rents

How much will Section 8 pay for a two-bedroom in ZIP 11963?

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 $3,660 it would be $3,294 to $4,026. 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 11963 in?

ZIP 11963 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 11963 for FY 2027?

The two-bedroom FMR fell 1.6%, from $3,720 in FY 2026 to $3,660 in FY 2027. Since FY 2023 it has risen 33.1%.

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