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Cayuga County/King Ferry/13081

13081

ZIPSAFMR
Cayuga County, NY
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,310
1 BR$1,320$1,320
2 BR$1,610$1,610
3 BR$2,140$2,140
4 BR$2,450$2,450
5 BR$2,818Not available
6 BR$3,240Not available
7 BR$3,726Not available
8 BR$4,285Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMRUsed$1,610
Market rentN/A
Est. payment standardN/A
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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ZIP 13081 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13081 (King Ferry, NY) is $1,610 a month. That is down 4.7% from $1,690 in FY 2026. King Ferry 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, 13081 has the 4th-highest two-bedroom rent (county range $1,020–$1,930). The median county two-bedroom FMR in New York is $1,385, so ZIP 13081 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13081
BedroomsFY 2027Change90–110% range
Studio$1,310−1.5%$1,179–$1,441
1BR$1,320−2.2%$1,188–$1,452
2BR$1,610−4.7%$1,449–$1,771
3BR$2,140−2.7%$1,926–$2,354
4BR$2,450−2.8%$2,205–$2,695

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13081
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,320$1,610$2,140$2,450
FY 2026$1,330$1,350$1,690$2,200$2,520
FY 2025$1,230$1,300$1,600$2,050$2,380
FY 2024$1,310$1,430$1,660$2,050$2,220
FY 2023$1,190$1,280$1,490$1,890$2,000

Two-bedroom rent in nearby Cayuga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13081
13045$1,580−1.9%
13060$1,360−15.5%
13064$1,070−33.5%
13071$1,170−27.3%
13073$1,580−1.9%
13074$1,560−3.1%
13077$1,400−13.0%
13080$1,260−21.7%
13081Current$1,610—
13092$1,580−1.9%
13111$1,260−21.7%
13113$1,200−25.5%

Questions about ZIP 13081 rents

How much will Section 8 pay for a two-bedroom in ZIP 13081?

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 $1,610 it would be $1,449 to $1,771. 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 13081 in?

ZIP 13081 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 13081 for FY 2027?

The two-bedroom FMR fell 4.7%, from $1,690 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 8.1%.

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