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Chenango County/Norwich/13815

13815

ZIPSAFMR
Chenango County, NY
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$870$950
1 BR$880$960
2 BR$1,040$1,010
3 BR$1,440$1,070
4 BR$1,550$1,100
5 BR$1,782Not available
6 BR$2,050Not available
7 BR$2,357Not available
8 BR$2,711Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,040
Market rentUsed$1,010
Est. payment standard (98%)$1,020
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.88
2 BR
1.03
3 BR
1.35
4 BR
1.41
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 13815 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13815 (Norwich, NY) is $1,040 a month. That is up 3.0% from $1,010 in FY 2026. Norwich is in the Chenango County, NY non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,014. Among 28 ZIP codes in Chenango County, 13815 has the 20th-highest two-bedroom rent (county range $1,010–$1,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 13815 is 25% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 13815
BedroomsFY 2027Change90–110% range
Studio$870−1.1%$783–$957
1BR$880−1.1%$792–$968
2BR$1,040+3.0%$936–$1,144
3BR$1,440+2.9%$1,296–$1,584
4BR$1,550+0.6%$1,395–$1,705

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 13815
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$880$1,040$1,440$1,550
FY 2026$880$890$1,010$1,400$1,540
FY 2025$770$840$960$1,320$1,450
FY 2024area FMR$672$777$905$1,214$1,354
FY 2023area FMR$577$696$829$1,077$1,192

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Chenango County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 13815
13780$1,090+4.8%
13787$1,010−2.9%
13801$1,050+1.0%
13809$1,230+18.3%
13813$1,020−1.9%
13814$1,030−1.0%
13815Current$1,040—
13830$1,030−1.0%
13832$1,320+26.9%
13841$1,230+18.3%
13843$1,110+6.7%
13844$1,520+46.2%

Questions about ZIP 13815 rents

How much will Section 8 pay for a two-bedroom in ZIP 13815?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 13815 in?

ZIP 13815 is in the Chenango County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 13815 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,010 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 8.3%.

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