Skip to main content
Loading page

13024

ZIPSAFMR
Cayuga County, NY
Loading Investment Score

ZIP Investment Score

-- 

095130300
BRFMR
Eff. Rent
0 BR$890$960
1 BR$900$980
2 BR$1,100$1,210
3 BR$1,460$1,520
4 BR$1,680$1,580
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,100
Market rent$1,380
Est. payment standard (110%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.90
1 BR
0.87
2 BR
0.80
3 BR
0.94
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13024 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13024 (Auburn, NY) is $1,100 a month. That is down 3.5% from $1,140 in FY 2026. Auburn is in the Cayuga 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 $1,074. Among 32 ZIP codes in Cayuga County, 13024 has the 27th-highest two-bedroom rent (county range $1,020–$1,930). The median county two-bedroom FMR in New York is $1,385, so ZIP 13024 is 21% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13024
BedroomsFY 2027Change90–110% range
Studio$890−1.1%$801–$979
1BR$9000.0%$810–$990
2BR$1,100−3.5%$990–$1,210
3BR$1,460−1.4%$1,314–$1,606
4BR$1,680−1.2%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13024
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$900$1,100$1,460$1,680
FY 2026$900$900$1,140$1,480$1,700
FY 2025$830$840$1,080$1,380$1,610
FY 2024area FMR$728$733$958$1,210$1,409
FY 2023area FMR$728$734$937$1,181$1,371

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

Two-bedroom rent in nearby Cayuga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13024
13021$1,260+14.5%
13022$1,070−2.7%
13024Current$1,100—
13026$1,430+30.0%
13027$1,800+63.6%
13033$1,260+14.5%
13034$1,280+16.4%
13045$1,580+43.6%
13060$1,360+23.6%
13064$1,070−2.7%
13071$1,170+6.4%
13073$1,580+43.6%

Questions about ZIP 13024 rents

How much will Section 8 pay for a two-bedroom in ZIP 13024?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,074, which applies unless the housing authority uses Small Area FMRs, that basic range is $967 to $1,181 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 13024 in?

ZIP 13024 is in the Cayuga County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,074.

How much did fair market rent change in ZIP 13024 for FY 2027?

The two-bedroom FMR fell 3.5%, from $1,140 in FY 2026 to $1,100 in FY 2027. Since FY 2025 it has risen 1.9%.

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