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Ulster County/Modena/12548

12548

ZIPSAFMR
Ulster County, NY
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,380
1 BR$1,440$1,580
2 BR$1,890$2,080
3 BR$2,330$2,560
4 BR$2,500$2,710
5 BR$2,875Not available
6 BR$3,306Not available
7 BR$3,802Not available
8 BR$4,373Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$1,890
Market rent$2,440
Est. payment standard (110%)Used$2,080
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.84
2 BR
0.77
3 BR
0.84
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12548 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12548 (Modena, NY) is $1,890 a month. That is down 9.6% from $2,090 in FY 2026. Modena 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, 12548 is tied for the 27th-highest two-bedroom rent (county range $1,640–$2,820). The median county two-bedroom FMR in New York is $1,385, so ZIP 12548 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12548
BedroomsFY 2027Change90–110% range
Studio$1,350−10.0%$1,215–$1,485
1BR$1,440−9.4%$1,296–$1,584
2BR$1,890−9.6%$1,701–$2,079
3BR$2,330−9.7%$2,097–$2,563
4BR$2,500−9.7%$2,250–$2,750

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12548
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,440$1,890$2,330$2,500
FY 2026$1,500$1,590$2,090$2,580$2,770
FY 2025$1,440$1,440$1,890$2,390$2,590
FY 2024$1,220$1,250$1,620$2,090$2,340
FY 2023$990$1,050$1,360$1,780$1,980

Two-bedroom rent in nearby Ulster County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12548
12515$1,640−13.2%
12525$2,120+12.2%
12528$2,190+15.9%
12542$2,350+24.3%
12547$2,710+43.4%
12548Current$1,890—
12561$2,150+13.8%
12566$2,010+6.3%
12568$1,880−0.5%
12586$2,050+8.5%
12588$1,880−0.5%
12589$1,790−5.3%

Questions about ZIP 12548 rents

How much will Section 8 pay for a two-bedroom in ZIP 12548?

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 $1,890 it would be $1,701 to $2,079. 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 12548 in?

ZIP 12548 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 12548 for FY 2027?

The two-bedroom FMR fell 9.6%, from $2,090 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 39.0%.

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