FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 10512
0.93ratio
FMR$2,390
Market$2,570
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 10512
0.74ratio
FMR$2,620
Market$3,520
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 10512
0.81ratio
FMR$3,280
Market$4,060
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 10512
0.83ratio
FMR$3,570
Market$4,310
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.83
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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Carmel, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Carmel, NY is $2,620 a month. That is up 4.4% from $2,510 in FY 2026. Carmel is in the New York, 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 $2,971. The median county two-bedroom FMR in New York is $1,385, so Carmel is 89% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Carmel, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,170
$2,280
+5.1%
$2,052–$2,508
1BR
$2,280
$2,390
+4.8%
$2,151–$2,629
2BR
$2,510
$2,620
+4.4%
$2,358–$2,882
3BR
$3,130
$3,280
+4.8%
$2,952–$3,608
4BR
$3,400
$3,570
+5.0%
$3,213–$3,927
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Carmel, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,280
$2,390
$2,620
$3,280
$3,570
FY 2026
$2,170
$2,280
$2,510
$3,130
$3,400
FY 2025
$2,150
$2,210
$2,480
$3,100
$3,330
FY 2024
$2,040
$2,090
$2,350
$2,930
$3,160
FY 2023
$1,840
$1,880
$2,120
$2,660
$2,870
Questions about Carmel, NY rents
How much will Section 8 pay for a two-bedroom in Carmel, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,971, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,674 to $3,268 a month; under the ZIP-level Small Area FMR of $2,620 it would be $2,358 to $2,882. 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 Carmel, NY in?
Carmel, NY is in the New York, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,971.
How much did fair market rent change in Carmel, NY for FY 2027?
The two-bedroom FMR rose 4.4%, from $2,510 in FY 2026 to $2,620 in FY 2027. Since FY 2023 it has risen 23.6%.
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