FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 13737
0.95ratio
FMR$960
Market$1,010
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 13737
0.68ratio
FMR$1,220
Market$1,800
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.68
3 BR
3 BR- 13737
0.74ratio
FMR$1,540
Market$2,080
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 13737
0.82ratio
FMR$1,770
Market$2,160
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.82
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
--
Bible School Park, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bible School Park, NY is $1,220 a month. That is up 10.9% from $1,100 in FY 2026. Bible School Park is in the Binghamton, 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 $1,219. The median county two-bedroom FMR in New York is $1,385, so Bible School Park is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bible School Park, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$850
+7.6%
$765–$935
1BR
$870
$960
+10.3%
$864–$1,056
2BR
$1,100
$1,220
+10.9%
$1,098–$1,342
3BR
$1,410
$1,540
+9.2%
$1,386–$1,694
4BR
$1,620
$1,770
+9.3%
$1,593–$1,947
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bible School Park, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$960
$1,220
$1,540
$1,770
FY 2026
$790
$870
$1,100
$1,410
$1,620
FY 2025
$870
$940
$1,190
$1,540
$1,750
FY 2024
$850
$900
$1,140
$1,490
$1,640
FY 2023
$730
$760
$970
$1,270
$1,370
Questions about Bible School Park, NY rents
How much will Section 8 pay for a two-bedroom in Bible School Park, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,219, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,097 to $1,341 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 Bible School Park, NY in?
Bible School Park, NY is in the Binghamton, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,219.
How much did fair market rent change in Bible School Park, NY for FY 2027?
The two-bedroom FMR rose 10.9%, from $1,100 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 25.8%.
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