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Onondaga County/Syracuse/13205

13205

ZIPSAFMR
Onondaga County, NY
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$940$1,030
1 BR$1,070$1,030
2 BR$1,340$1,470
3 BR$1,620$1,780
4 BR$1,760$1,940
5 BR$2,024Not available
6 BR$2,328Not available
7 BR$2,677Not available
8 BR$3,078Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMR$1,340
Market rent$1,850
Est. payment standard (110%)Used$1,470
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
1.04
2 BR
0.72
3 BR
0.80
4 BR
0.71
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13205 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13205 (Syracuse, NY) is $1,340 a month. That is up 8.9% from $1,230 in FY 2026. Syracuse 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, 13205 has the 56th-highest two-bedroom rent (county range $1,260–$2,180). The median county two-bedroom FMR in New York is $1,385, so ZIP 13205 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13205
BedroomsFY 2027Change90–110% range
Studio$940+6.8%$846–$1,034
1BR$1,070+8.1%$963–$1,177
2BR$1,340+8.9%$1,206–$1,474
3BR$1,620+8.7%$1,458–$1,782
4BR$1,760+7.3%$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13205
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$1,070$1,340$1,620$1,760
FY 2026$880$990$1,230$1,490$1,640
FY 2025$850$950$1,170$1,430$1,610
FY 2024$740$820$1,010$1,240$1,430
FY 2023$730$820$1,010$1,240$1,440

Two-bedroom rent in nearby Onondaga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13205
13201$1,530+14.2%
13202$1,730+29.1%
13203$1,420+6.0%
13204$1,410+5.2%
13205Current$1,340—
13206$1,320−1.5%
13207$1,570+17.2%
13208$1,420+6.0%
13209$1,390+3.7%
13210$1,580+17.9%
13211$1,610+20.1%
13212$1,500+11.9%

Questions about ZIP 13205 rents

How much will Section 8 pay for a two-bedroom in ZIP 13205?

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 $1,340 it would be $1,206 to $1,474. 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 13205 in?

ZIP 13205 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 13205 for FY 2027?

The two-bedroom FMR rose 8.9%, from $1,230 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 32.7%.

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