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Oneida County/Westmoreland/13490

13490

ZIPSAFMR
Oneida County, NY
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$880$970
1 BR$970$1,070
2 BR$1,240$1,360
3 BR$1,470$1,620
4 BR$1,670$1,840
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,240
Market rent$2,020
Est. payment standard (110%)Used$1,360
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.49
1 BR
0.54
2 BR
0.61
3 BR
0.68
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13490 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13490 (Westmoreland, NY) is $1,240 a month. That is up 3.3% from $1,200 in FY 2026. Westmoreland 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 63 ZIP codes in Oneida County, 13490 is tied for the 27th-highest two-bedroom rent (county range $1,060–$1,610). The median county two-bedroom FMR in New York is $1,385, so ZIP 13490 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13490
BedroomsFY 2027Change90–110% range
Studio$880−4.3%$792–$968
1BR$970+2.1%$873–$1,067
2BR$1,240+3.3%$1,116–$1,364
3BR$1,470+2.1%$1,323–$1,617
4BR$1,6700.0%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13490
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$970$1,240$1,470$1,670
FY 2026$920$950$1,200$1,440$1,670
FY 2025$960$960$1,200$1,450$1,710
FY 2024$820$820$1,030$1,250$1,460
FY 2023$790$800$1,000$1,210$1,440

Two-bedroom rent in nearby Oneida County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13490
13478$1,130−8.9%
13479$1,230−0.8%
13480$1,260+1.6%
13483$1,440+16.1%
13486$1,340+8.1%
13489$1,090−12.1%
13490Current$1,240—
13491$1,260+1.6%
13492$1,2400.0%
13494$1,230−0.8%
13495$1,250+0.8%
13501$1,170−5.6%

Questions about ZIP 13490 rents

How much will Section 8 pay for a two-bedroom in ZIP 13490?

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 $1,240 it would be $1,116 to $1,364. 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 13490 in?

ZIP 13490 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 13490 for FY 2027?

The two-bedroom FMR rose 3.3%, from $1,200 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 24.0%.

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