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Dutchess County/Wappingers Falls/12590

12590

ZIPSAFMR
Dutchess County, NY
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,690
1 BR$1,750$1,930
2 BR$2,250$2,480
3 BR$2,840$3,120
4 BR$2,980$3,280
5 BR$3,427Not available
6 BR$3,941Not available
7 BR$4,532Not available
8 BR$5,212Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,250
Market rent$2,620
Est. payment standard (110%)Used$2,480
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
0.85
2 BR
0.86
3 BR
0.87
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12590 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12590 (Wappingers Falls, NY) is $2,250 a month. That is up 6.1% from $2,120 in FY 2026. Wappingers Falls 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, 12590 is tied for the 12th-highest two-bedroom rent (county range $1,790–$3,010). The median county two-bedroom FMR in New York is $1,385, so ZIP 12590 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12590
BedroomsFY 2027Change90–110% range
Studio$1,570+7.5%$1,413–$1,727
1BR$1,750+5.4%$1,575–$1,925
2BR$2,250+6.1%$2,025–$2,475
3BR$2,840+5.6%$2,556–$3,124
4BR$2,980+3.1%$2,682–$3,278

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12590
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,750$2,250$2,840$2,980
FY 2026$1,460$1,660$2,120$2,690$2,890
FY 2025$1,410$1,600$2,050$2,610$2,830
FY 2024$1,340$1,540$1,980$2,510$2,780
FY 2023$1,220$1,330$1,710$2,180$2,420

Two-bedroom rent in nearby Dutchess County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12590
12578$2,160−4.0%
12580$1,790−20.4%
12581$1,790−20.4%
12582$2,620+16.4%
12583$2,220−1.3%
12585$2,190−2.7%
12590Current$2,250—
12592$1,790−20.4%
12594$1,790−20.4%
12601$1,950−13.3%
12602$2,080−7.6%
12603$2,210−1.8%

Questions about ZIP 12590 rents

How much will Section 8 pay for a two-bedroom in ZIP 12590?

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 $2,250 it would be $2,025 to $2,475. 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 12590 in?

ZIP 12590 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 12590 for FY 2027?

The two-bedroom FMR rose 6.1%, from $2,120 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 31.6%.

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