Skip to main content
Loading page
Sullivan County/Glen Spey/12737

12737

ZIPSAFMR
Sullivan County, NY
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,090
1 BR$1,190$1,190
2 BR$1,520$1,520
3 BR$1,970$1,970
4 BR$2,040$2,040
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$163,955

Cost breakdown

+Likely effective rent$1,520
HUD FMRUsed$1,520
Market rentN/A
Est. payment standardN/A
-Principal and interest-$829
Loan amount$131,164
Down payment$32,791
Rate6.50%
Term30 years
-Operating costs-$491
Property taxes-$164
Insurance-$175
Utilities$0
HOA$0
Management-$152
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,506(74.7% ROI)
Projected value
$176,561
Return breakdown
Property appreciation+$12,607
Loan principal paid down+$4,699
Rental cash flow+$7,200
5-year hold
+$41,925(127.9% ROI)
Projected value
$185,500
Return breakdown
Property appreciation+$21,545
Loan principal paid down+$8,380
Rental cash flow+$12,000
10-year hold
+$89,889(274.1% ROI)
Projected value
$209,876
Return breakdown
Property appreciation+$45,921
Loan principal paid down+$19,968
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12737 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12737 (Glen Spey, NY) is $1,520 a month. That is up 16.0% from $1,310 in FY 2026. Glen Spey is in the Sullivan County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,299. Among 61 ZIP codes in Sullivan County, 12737 has the 23rd-highest two-bedroom rent (county range $1,180–$2,160). The median county two-bedroom FMR in New York is $1,385, so ZIP 12737 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12737
BedroomsFY 2027Change90–110% range
Studio$1,090+7.9%$981–$1,199
1BR$1,190+7.2%$1,071–$1,309
2BR$1,520+16.0%$1,368–$1,672
3BR$1,970+7.7%$1,773–$2,167
4BR$2,040+4.6%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12737
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,190$1,520$1,970$2,040
FY 2026$1,010$1,110$1,310$1,830$1,950
FY 2025$1,120$1,230$1,450$2,030$2,160
FY 2024area FMR$789$917$1,078$1,506$1,653
FY 2023area FMR$698$838$1,008$1,341$1,526

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Sullivan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12737
12729$1,970+29.6%
12732$1,270−16.4%
12733$1,950+28.3%
12734$1,330−12.5%
12736$1,300−14.5%
12737Current$1,520—
12738$1,440−5.3%
12740$1,640+7.9%
12741$1,370−9.9%
12742$1,300−14.5%
12743$1,390−8.6%
12745$1,300−14.5%

Questions about ZIP 12737 rents

How much will Section 8 pay for a two-bedroom in ZIP 12737?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,299, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,169 to $1,429 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 12737 in?

ZIP 12737 is in the Sullivan County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,299.

How much did fair market rent change in ZIP 12737 for FY 2027?

The two-bedroom FMR rose 16.0%, from $1,310 in FY 2026 to $1,520 in FY 2027. Since FY 2025 it has risen 4.8%.

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