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Greene County/New Baltimore/12124

12124

ZIPSAFMR
Greene County, NY
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,230
1 BR$1,170$1,270
2 BR$1,350$1,490
3 BR$1,760$1,800
4 BR$2,100$1,890
5 BR$2,415Not available
6 BR$2,777Not available
7 BR$3,194Not available
8 BR$3,673Not available

Purchase Price Calculator

Maximum purchase price
$159,497

Cost breakdown

+Likely effective rent$1,490
HUD FMR$1,350
Market rent$1,620
Est. payment standard (110%)Used$1,490
-Principal and interest-$807
Loan amount$127,598
Down payment$31,899
Rate6.50%
Term30 years
-Operating costs-$483
Property taxes-$159
Insurance-$175
Utilities$0
HOA$0
Management-$149
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,035(75.3% ROI)
Projected value
$171,761
Return breakdown
Property appreciation+$12,264
Loan principal paid down+$4,572
Rental cash flow+$7,200
5-year hold
+$41,111(128.9% ROI)
Projected value
$180,456
Return breakdown
Property appreciation+$20,959
Loan principal paid down+$8,152
Rental cash flow+$12,000
10-year hold
+$88,098(276.2% ROI)
Projected value
$204,170
Return breakdown
Property appreciation+$44,673
Loan principal paid down+$19,425
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.88
2 BR
0.83
3 BR
0.97
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12124 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12124 (New Baltimore, NY) is $1,350 a month. That is down 9.4% from $1,490 in FY 2026. New Baltimore is in the Greene 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 $1,354. Among 43 ZIP codes in Greene County, 12124 is tied for the 20th-highest two-bedroom rent (county range $1,240–$1,750). The median county two-bedroom FMR in New York is $1,385, so ZIP 12124 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12124
BedroomsFY 2027Change90–110% range
Studio$1,130−9.6%$1,017–$1,243
1BR$1,170−10.0%$1,053–$1,287
2BR$1,350−9.4%$1,215–$1,485
3BR$1,760−2.2%$1,584–$1,936
4BR$2,100+6.1%$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12124
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,170$1,350$1,760$2,100
FY 2026$1,250$1,300$1,490$1,800$1,980
FY 2025$1,240$1,280$1,470$1,780$1,950
FY 2024area FMR$926$965$1,155$1,517$1,587
FY 2023area FMR$883$931$1,123$1,407$1,509

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

Two-bedroom rent in nearby Greene County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12124
12015$1,450+7.4%
12042$1,3500.0%
12046$1,540+14.1%
12051$1,240−8.1%
12058$1,3500.0%
12083$1,540+14.1%
12087$1,540+14.1%
12120$1,740+28.9%
12124Current$1,350—
12143$1,540+14.1%
12176$1,3500.0%
12192$1,3500.0%

Questions about ZIP 12124 rents

How much will Section 8 pay for a two-bedroom in ZIP 12124?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,354, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,219 to $1,489 a month; under the ZIP-level Small Area FMR of $1,350 it would be $1,215 to $1,485. 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 12124 in?

ZIP 12124 is in the Greene County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,354.

How much did fair market rent change in ZIP 12124 for FY 2027?

The two-bedroom FMR fell 9.4%, from $1,490 in FY 2026 to $1,350 in FY 2027. Since FY 2025 it has fallen 8.2%.

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