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Dutchess County/Salt Point/12578

12578

ZIPSAFMR
Dutchess County, NY
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,650
1 BR$1,680$1,850
2 BR$2,160$2,380
3 BR$2,720$2,990
4 BR$2,860$3,150
5 BR$3,289Not available
6 BR$3,782Not available
7 BR$4,350Not available
8 BR$5,002Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,160
Market rent$3,010
Est. payment standard (110%)Used$2,380
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.60
2 BR
0.72
3 BR
0.74
4 BR
0.71
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12578 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12578 (Salt Point, NY) is $2,160 a month. That is up 5.9% from $2,040 in FY 2026. Salt Point is in the Kiryas Joel-Poughkeepsie-Newburgh, 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 $2,131. Among 39 ZIP codes in Dutchess County, 12578 has the 18th-highest two-bedroom rent (county range $1,790–$3,010). The median county two-bedroom FMR in New York is $1,385, so ZIP 12578 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12578
BedroomsFY 2027Change90–110% range
Studio$1,500+6.4%$1,350–$1,650
1BR$1,680+5.0%$1,512–$1,848
2BR$2,160+5.9%$1,944–$2,376
3BR$2,720+5.0%$2,448–$2,992
4BR$2,860+2.9%$2,574–$3,146

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12578
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,680$2,160$2,720$2,860
FY 2026$1,410$1,600$2,040$2,590$2,780
FY 2025$1,290$1,470$1,880$2,400$2,590
FY 2024$1,060$1,210$1,560$1,980$2,190
FY 2023$960$1,050$1,350$1,720$1,910

Two-bedroom rent in nearby Dutchess County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12578
12567$2,000−7.4%
12569$2,530+17.1%
12570$2,300+6.5%
12571$1,870−13.4%
12572$2,130−1.4%
12574$2,130−1.4%
12578Current$2,160—
12580$1,790−17.1%
12581$1,790−17.1%
12582$2,620+21.3%
12583$2,220+2.8%
12585$2,190+1.4%

Questions about ZIP 12578 rents

How much will Section 8 pay for a two-bedroom in ZIP 12578?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $2,160 it would be $1,944 to $2,376. 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 12578 in?

ZIP 12578 is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.

How much did fair market rent change in ZIP 12578 for FY 2027?

The two-bedroom FMR rose 5.9%, from $2,040 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 60.0%.

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