FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 11702
0.85ratio
FMR$2,400
Market$2,840
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 11702
0.81ratio
FMR$2,820
Market$3,480
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 11702
0.92ratio
FMR$3,630
Market$3,960
vs market-$330
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 11702
0.85ratio
FMR$3,850
Market$4,520
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.85
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Babylon, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Babylon, NY is $2,820 a month. That is down 4.1% from $2,940 in FY 2026. Babylon is in the Nassau-Suffolk, NY HUD Metro 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 metro-wide two-bedroom FMR of $2,689. The median county two-bedroom FMR in New York is $1,385, so Babylon is 104% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Babylon, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,130
$2,060
−3.3%
$1,854–$2,266
1BR
$2,550
$2,400
−5.9%
$2,160–$2,640
2BR
$2,940
$2,820
−4.1%
$2,538–$3,102
3BR
$3,810
$3,630
−4.7%
$3,267–$3,993
4BR
$4,030
$3,850
−4.5%
$3,465–$4,235
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Babylon, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,400
$2,820
$3,630
$3,850
FY 2026
$2,130
$2,550
$2,940
$3,810
$4,030
FY 2025
$2,040
$2,470
$2,850
$3,690
$3,960
FY 2024
$1,910
$2,400
$2,810
$3,640
$3,940
FY 2023
$1,710
$2,130
$2,550
$3,280
$3,600
Questions about Babylon, NY rents
How much will Section 8 pay for a two-bedroom in Babylon, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $2,820 it would be $2,538 to $3,102. 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 Babylon, NY in?
Babylon, NY is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.
How much did fair market rent change in Babylon, NY for FY 2027?
The two-bedroom FMR fell 4.1%, from $2,940 in FY 2026 to $2,820 in FY 2027. Since FY 2023 it has risen 10.6%.
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