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Onondaga County/Elbridge/13060

13060

ZIPSAFMR
Onondaga County, NY
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$960$960
1 BR$1,090$1,090
2 BR$1,360$1,360
3 BR$1,650$1,820
4 BR$1,790$1,970
5 BR$2,059Not available
6 BR$2,367Not available
7 BR$2,722Not available
8 BR$3,131Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMRUsed$1,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

3 BR
0.82
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13060 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13060 (Elbridge, NY) is $1,360 a month. That is up 8.8% from $1,250 in FY 2026. Elbridge is in the Syracuse, 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 $1,493. Among 69 ZIP codes in Onondaga County, 13060 has the 54th-highest two-bedroom rent (county range $1,260–$2,180). The median county two-bedroom FMR in New York is $1,385, so ZIP 13060 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13060
BedroomsFY 2027Change90–110% range
Studio$960+7.9%$864–$1,056
1BR$1,090+7.9%$981–$1,199
2BR$1,360+8.8%$1,224–$1,496
3BR$1,650+8.6%$1,485–$1,815
4BR$1,790+7.8%$1,611–$1,969

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13060
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,090$1,360$1,650$1,790
FY 2026$890$1,010$1,250$1,520$1,660
FY 2025$880$980$1,200$1,470$1,650
FY 2024$760$840$1,030$1,260$1,460
FY 2023$750$840$1,040$1,280$1,480

Two-bedroom rent in nearby Onondaga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13060
13039$1,540+13.2%
13041$2,010+47.8%
13051$1,570+15.4%
13052$1,260−7.4%
13057$1,400+2.9%
13060Current$1,360—
13063$1,260−7.4%
13066$1,630+19.9%
13069$1,280−5.9%
13077$1,400+2.9%
13078$1,770+30.1%
13080$1,260−7.4%

Questions about ZIP 13060 rents

How much will Section 8 pay for a two-bedroom in ZIP 13060?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,493, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,344 to $1,642 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. 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 13060 in?

ZIP 13060 is in the Syracuse, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,493.

How much did fair market rent change in ZIP 13060 for FY 2027?

The two-bedroom FMR rose 8.8%, from $1,250 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 30.8%.

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