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Otsego County/Maryland/12116

12116

ZIPSAFMR
Otsego County, NY
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,080
1 BR$1,210$1,210
2 BR$1,550$1,550
3 BR$1,850$1,850
4 BR$2,080$2,080
5 BR$2,392Not available
6 BR$2,751Not available
7 BR$3,163Not available
8 BR$3,638Not available

Purchase Price Calculator

Maximum purchase price
$168,413

Cost breakdown

+Likely effective rent$1,550
HUD FMRUsed$1,550
Market rentN/A
Est. payment standardN/A
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 12116 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12116 (Maryland, NY) is $1,550 a month. That is up 19.2% from $1,300 in FY 2026. Maryland is in the Otsego County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,235. Among 48 ZIP codes in Otsego County, 12116 has the highest two-bedroom rent (county range $1,110–$1,550). The median county two-bedroom FMR in New York is $1,385, so ZIP 12116 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12116
BedroomsFY 2027Change90–110% range
Studio$1,080+20.0%$972–$1,188
1BR$1,210+18.6%$1,089–$1,331
2BR$1,550+19.2%$1,395–$1,705
3BR$1,850+18.6%$1,665–$2,035
4BR$2,080+20.9%$1,872–$2,288

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12116
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,210$1,550$1,850$2,080
FY 2026$900$1,020$1,300$1,560$1,720
FY 2025$830$980$1,210$1,460$1,600
FY 2024area FMR$719$879$1,061$1,304$1,413
FY 2023area FMR$720$827$990$1,254$1,381

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Otsego County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12116
12036$1,540−0.6%
12043$1,540−0.6%
12064$1,540−0.6%
12116Current$1,550—
12149$1,540−0.6%
12155$1,220−21.3%
12197$1,540−0.6%
13315$1,280−17.4%
13317$1,110−28.4%
13320$1,540−0.6%
13326$1,410−9.0%
13333$1,330−14.2%

Questions about ZIP 12116 rents

How much will Section 8 pay for a two-bedroom in ZIP 12116?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,235, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,112 to $1,359 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 12116 in?

ZIP 12116 is in the Otsego County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,235.

How much did fair market rent change in ZIP 12116 for FY 2027?

The two-bedroom FMR rose 19.2%, from $1,300 in FY 2026 to $1,550 in FY 2027. Since FY 2025 it has risen 28.1%.

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