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Onondaga County/Syracuse/13206

13206

ZIPSAFMR
Onondaga County, NY
Zillow

ZIP Investment Score

139High yield potential

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,060$1,170
2 BR$1,320$1,450
3 BR$1,600$1,760
4 BR$1,730$1,900
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,820
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.79
2 BR
0.73
3 BR
0.81
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13206 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13206 (Syracuse, NY) is $1,320 a month. That is up 5.6% from $1,250 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, 13206 is tied for the 57th-highest two-bedroom rent (county range $1,260–$2,180). The median county two-bedroom FMR in New York is $1,385, so ZIP 13206 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13206
BedroomsFY 2027Change90–110% range
Studio$930+4.5%$837–$1,023
1BR$1,060+5.0%$954–$1,166
2BR$1,320+5.6%$1,188–$1,452
3BR$1,600+5.3%$1,440–$1,760
4BR$1,730+4.2%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13206
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,060$1,320$1,600$1,730
FY 2026$890$1,010$1,250$1,520$1,660
FY 2025$870$970$1,190$1,460$1,640
FY 2024$760$850$1,040$1,280$1,480
FY 2023$740$830$1,030$1,270$1,470

Two-bedroom rent in nearby Onondaga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13206
13201$1,530+15.9%
13202$1,730+31.1%
13203$1,420+7.6%
13204$1,410+6.8%
13205$1,340+1.5%
13206Current$1,320—
13207$1,570+18.9%
13208$1,420+7.6%
13209$1,390+5.3%
13210$1,580+19.7%
13211$1,610+22.0%
13212$1,500+13.6%

Questions about ZIP 13206 rents

How much will Section 8 pay for a two-bedroom in ZIP 13206?

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 $1,320 it would be $1,188 to $1,452. 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 13206 in?

ZIP 13206 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 13206 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,250 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 28.2%.

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