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Putnam County/Patterson/12563

12563

ZIPSAFMR
Putnam County, NY
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$2,320$2,050
1 BR$2,440$2,460
2 BR$2,660$2,880
3 BR$3,370$3,440
4 BR$3,690$3,770
5 BR$4,244Not available
6 BR$4,880Not available
7 BR$5,612Not available
8 BR$6,454Not available

Purchase Price Calculator

Maximum purchase price
$366,050

Cost breakdown

+Likely effective rent$2,880
HUD FMR$2,660
Market rent$3,000
Est. payment standard (108%)Used$2,880
-Principal and interest-$1,851
Loan amount$292,840
Down payment$73,210
Rate6.50%
Term30 years
-Operating costs-$829
Property taxes-$366
Insurance-$175
Utilities$0
HOA$0
Management-$288
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,838(62.6% ROI)
Projected value
$394,196
Return breakdown
Property appreciation+$28,146
Loan principal paid down+$10,492
Rental cash flow+$7,200
5-year hold
+$78,812(107.7% ROI)
Projected value
$414,152
Return breakdown
Property appreciation+$48,102
Loan principal paid down+$18,710
Rental cash flow+$12,000
10-year hold
+$171,107(233.7% ROI)
Projected value
$468,575
Return breakdown
Property appreciation+$102,525
Loan principal paid down+$44,582
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
0.99
2 BR
0.89
3 BR
0.97
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12563 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12563 (Patterson, NY) is $2,660 a month. That is up 1.5% from $2,620 in FY 2026. Patterson is in the New York, NY HUD Metro 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 metro-wide two-bedroom FMR of $2,971. Among 18 ZIP codes in Putnam County, 12563 has the 10th-highest two-bedroom rent (county range $2,620–$3,960). The median county two-bedroom FMR in New York is $1,385, so ZIP 12563 is 92% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12563
BedroomsFY 2027Change90–110% range
Studio$2,320+1.8%$2,088–$2,552
1BR$2,440+2.1%$2,196–$2,684
2BR$2,660+1.5%$2,394–$2,926
3BR$3,370+2.7%$3,033–$3,707
4BR$3,690+3.7%$3,321–$4,059

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12563
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,320$2,440$2,660$3,370$3,690
FY 2026$2,280$2,390$2,620$3,280$3,560
FY 2025$2,150$2,210$2,480$3,100$3,330
FY 2024$1,960$2,010$2,260$2,820$3,040
FY 2023$1,820$1,850$2,110$2,660$2,860

Two-bedroom rent in nearby Putnam County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12563
10541$3,030+13.9%
10542$2,840+6.8%
10560$3,500+31.6%
10567$3,110+16.9%
10579$3,860+45.1%
10588$2,620−1.5%
12524$2,620−1.5%
12531$2,620−1.5%
12533$2,620−1.5%
12563Current$2,660—
12564$2,620−1.5%
12582$2,620−1.5%

Questions about ZIP 12563 rents

How much will Section 8 pay for a two-bedroom in ZIP 12563?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,971, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,674 to $3,268 a month; under the ZIP-level Small Area FMR of $2,660 it would be $2,394 to $2,926. 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 12563 in?

ZIP 12563 is in the New York, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,971.

How much did fair market rent change in ZIP 12563 for FY 2027?

The two-bedroom FMR rose 1.5%, from $2,620 in FY 2026 to $2,660 in FY 2027. Since FY 2023 it has risen 26.1%.

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