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Ulster County/High Falls/12440

12440

ZIPSAFMR
Ulster County, NY
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,440
1 BR$1,430$1,570
2 BR$1,870$2,060
3 BR$2,270$2,500
4 BR$2,460$2,710
5 BR$2,829Not available
6 BR$3,253Not available
7 BR$3,741Not available
8 BR$4,303Not available

Purchase Price Calculator

Maximum purchase price
$244,199

Cost breakdown

+Likely effective rent$2,060
HUD FMR$1,870
Market rent$2,780
Est. payment standard (110%)Used$2,060
-Principal and interest-$1,235
Loan amount$195,359
Down payment$48,840
Rate6.50%
Term30 years
-Operating costs-$625
Property taxes-$244
Insurance-$175
Utilities$0
HOA$0
Management-$206
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,976(67.5% ROI)
Projected value
$262,975
Return breakdown
Property appreciation+$18,777
Loan principal paid down+$6,999
Rental cash flow+$7,200
5-year hold
+$56,571(115.8% ROI)
Projected value
$276,288
Return breakdown
Property appreciation+$32,090
Loan principal paid down+$12,482
Rental cash flow+$12,000
10-year hold
+$122,137(250.1% ROI)
Projected value
$312,595
Return breakdown
Property appreciation+$68,396
Loan principal paid down+$29,741
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.51
1 BR
0.59
2 BR
0.67
3 BR
0.74
4 BR
0.72
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12440 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12440 (High Falls, NY) is $1,870 a month. That is down 1.1% from $1,890 in FY 2026. High Falls 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, 12440 has the 41st-highest two-bedroom rent (county range $1,640–$2,820). The median county two-bedroom FMR in New York is $1,385, so ZIP 12440 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12440
BedroomsFY 2027Change90–110% range
Studio$1,310−9.0%$1,179–$1,441
1BR$1,430−0.7%$1,287–$1,573
2BR$1,870−1.1%$1,683–$2,057
3BR$2,270−5.0%$2,043–$2,497
4BR$2,460−4.7%$2,214–$2,706

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12440
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,430$1,870$2,270$2,460
FY 2026$1,440$1,440$1,890$2,390$2,580
FY 2025$1,590$1,590$2,090$2,650$2,860
FY 2024$1,500$1,530$1,990$2,570$2,870
FY 2023$1,280$1,360$1,760$2,300$2,570

Two-bedroom rent in nearby Ulster County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12440
12428$1,640−12.3%
12429$2,000+7.0%
12432$1,690−9.6%
12433$2,370+26.7%
12435$1,640−12.3%
12440Current$1,870—
12441$1,880+0.5%
12443$1,660−11.2%
12446$1,660−11.2%
12448$1,880+0.5%
12449$2,270+21.4%
12453$1,690−9.6%

Questions about ZIP 12440 rents

How much will Section 8 pay for a two-bedroom in ZIP 12440?

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 $1,870 it would be $1,683 to $2,057. 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 12440 in?

ZIP 12440 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 12440 for FY 2027?

The two-bedroom FMR fell 1.1%, from $1,890 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 6.3%.

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