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Herkimer County/Herkimer/13350

13350

ZIPSAFMR
Herkimer County, NY
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$810$890
1 BR$880$970
2 BR$1,130$1,140
3 BR$1,350$1,230
4 BR$1,530$1,240
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMR$1,130
Market rent$1,150
Est. payment standard (101%)Used$1,140
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.85
2 BR
0.98
3 BR
1.10
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13350 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13350 (Herkimer, NY) is $1,130 a month. That is down 0.9% from $1,140 in FY 2026. Herkimer is in the Utica-Rome, 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 $1,210. Among 30 ZIP codes in Herkimer County, 13350 has the 11th-highest two-bedroom rent (county range $1,060–$1,440). The median county two-bedroom FMR in New York is $1,385, so ZIP 13350 is 18% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13350
BedroomsFY 2027Change90–110% range
Studio$810−6.9%$729–$891
1BR$880−2.2%$792–$968
2BR$1,130−0.9%$1,017–$1,243
3BR$1,350−1.5%$1,215–$1,485
4BR$1,530−3.2%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13350
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$880$1,130$1,350$1,530
FY 2026$870$900$1,140$1,370$1,580
FY 2025$910$920$1,150$1,390$1,640
FY 2024$820$830$1,040$1,260$1,480
FY 2023$810$820$1,030$1,250$1,480

Two-bedroom rent in nearby Herkimer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13350
13324$1,060−6.2%
13329$1,060−6.2%
13331$1,290+14.2%
13338$1,310+15.9%
13339$1,060−6.2%
13340$1,140+0.9%
13350Current$1,130—
13357$1,190+5.3%
13360$1,290+14.2%
13361$1,110−1.8%
13365$1,060−6.2%
13367$1,060−6.2%

Questions about ZIP 13350 rents

How much will Section 8 pay for a two-bedroom in ZIP 13350?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,210, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,089 to $1,331 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 13350 in?

ZIP 13350 is in the Utica-Rome, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,210.

How much did fair market rent change in ZIP 13350 for FY 2027?

The two-bedroom FMR fell 0.9%, from $1,140 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 9.7%.

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