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Ulster County/Ellenville/12428

12428

ZIPSAFMR
Ulster County, NY
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,180$1,300
1 BR$1,250$1,380
2 BR$1,640$1,800
3 BR$2,030$2,220
4 BR$2,170$2,390
5 BR$2,496Not available
6 BR$2,870Not available
7 BR$3,300Not available
8 BR$3,795Not available

Purchase Price Calculator

Maximum purchase price
$205,563

Cost breakdown

+Likely effective rent$1,800
HUD FMR$1,640
Market rent$1,880
Est. payment standard (110%)Used$1,800
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.78
2 BR
0.87
3 BR
0.88
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12428 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12428 (Ellenville, NY) is $1,640 a month. That is up 1.2% from $1,620 in FY 2026. Ellenville is in the Kingston, NY MSA. 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 $1,878. Among 69 ZIP codes in Ulster County, 12428 is tied for the 52nd-highest two-bedroom rent (county range $1,640–$2,820). The median county two-bedroom FMR in New York is $1,385, so ZIP 12428 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12428
BedroomsFY 2027Change90–110% range
Studio$1,180−4.8%$1,062–$1,298
1BR$1,250+0.8%$1,125–$1,375
2BR$1,640+1.2%$1,476–$1,804
3BR$2,030−1.5%$1,827–$2,233
4BR$2,170−2.3%$1,953–$2,387

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12428
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,180$1,250$1,640$2,030$2,170
FY 2026$1,240$1,240$1,620$2,060$2,220
FY 2025$1,170$1,180$1,540$1,980$2,220
FY 2024$1,160$1,180$1,540$1,990$2,220
FY 2023$1,000$1,060$1,380$1,810$2,010

Two-bedroom rent in nearby Ulster County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12428
12414$1,6400.0%
12416$1,880+14.6%
12417$2,180+32.9%
12419$1,960+19.5%
12420$1,760+7.3%
12428Current$1,640—
12429$2,000+22.0%
12432$1,690+3.0%
12433$2,370+44.5%
12435$1,6400.0%
12440$1,870+14.0%
12441$1,880+14.6%

Questions about ZIP 12428 rents

How much will Section 8 pay for a two-bedroom in ZIP 12428?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,878, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,690 to $2,066 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 12428 in?

ZIP 12428 is in the Kingston, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,878.

How much did fair market rent change in ZIP 12428 for FY 2027?

The two-bedroom FMR rose 1.2%, from $1,620 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 18.8%.

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