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Madison County/North Brookfield/13418

13418

ZIPSAFMR
Madison County, NY
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,570
1 BR$1,790$1,790
2 BR$2,240$2,240
3 BR$2,710$2,710
4 BR$2,940$2,940
5 BR$3,381Not available
6 BR$3,888Not available
7 BR$4,471Not available
8 BR$5,142Not available

Purchase Price Calculator

Maximum purchase price
$270,947

Cost breakdown

+Likely effective rent$2,240
HUD FMRUsed$2,240
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,370
Loan amount$216,757
Down payment$54,189
Rate6.50%
Term30 years
-Operating costs-$670
Property taxes-$271
Insurance-$175
Utilities$0
HOA$0
Management-$224
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,799(66.1% ROI)
Projected value
$291,780
Return breakdown
Property appreciation+$20,833
Loan principal paid down+$7,766
Rental cash flow+$7,200
5-year hold
+$61,453(113.4% ROI)
Projected value
$306,551
Return breakdown
Property appreciation+$35,605
Loan principal paid down+$13,849
Rental cash flow+$12,000
10-year hold
+$132,887(245.2% ROI)
Projected value
$346,835
Return breakdown
Property appreciation+$75,888
Loan principal paid down+$32,999
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 13418 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13418 (North Brookfield, NY) is $2,240 a month. That is up 7.2% from $2,090 in FY 2026. North Brookfield 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 32 ZIP codes in Madison County, 13418 has the highest two-bedroom rent (county range $1,260–$2,240). The median county two-bedroom FMR in New York is $1,385, so ZIP 13418 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13418
BedroomsFY 2027Change90–110% range
Studio$1,570+5.4%$1,413–$1,727
1BR$1,790+5.9%$1,611–$1,969
2BR$2,240+7.2%$2,016–$2,464
3BR$2,710+6.7%$2,439–$2,981
4BR$2,940+5.8%$2,646–$3,234

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13418
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,790$2,240$2,710$2,940
FY 2026$1,490$1,690$2,090$2,540$2,780
FY 2025$1,440$1,610$1,980$2,420$2,730
FY 2024$1,210$1,340$1,650$2,020$2,340
FY 2023$1,180$1,320$1,630$2,010$2,320

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13418
13355$1,260−43.7%
13364$1,260−43.7%
13402$1,280−42.9%
13408$1,350−39.7%
13409$1,300−42.0%
13418Current$2,240—
13421$1,260−43.7%
13425$1,260−43.7%
13460$1,260−43.7%
13464$1,380−38.4%
13480$1,260−43.7%
13484$1,310−41.5%

Questions about ZIP 13418 rents

How much will Section 8 pay for a two-bedroom in ZIP 13418?

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 $2,240 it would be $2,016 to $2,464. 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 13418 in?

ZIP 13418 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 13418 for FY 2027?

The two-bedroom FMR rose 7.2%, from $2,090 in FY 2026 to $2,240 in FY 2027. Since FY 2023 it has risen 37.4%.

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