FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 13036
0.72ratio
FMR$1,140
Market$1,590
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 13036
0.81ratio
FMR$1,420
Market$1,750
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 13036
0.86ratio
FMR$1,720
Market$2,010
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 13036
0.88ratio
FMR$1,870
Market$2,130
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.88
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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Central Square, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Central Square, NY is $1,420 a month. That is up 5.2% from $1,350 in FY 2026. Central Square is in the Syracuse, 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 $1,493. The median county two-bedroom FMR in New York is $1,385, so Central Square is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Central Square, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$960
$1,000
+4.2%
$900–$1,100
1BR
$1,090
$1,140
+4.6%
$1,026–$1,254
2BR
$1,350
$1,420
+5.2%
$1,278–$1,562
3BR
$1,640
$1,720
+4.9%
$1,548–$1,892
4BR
$1,790
$1,870
+4.5%
$1,683–$2,057
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Central Square, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,140
$1,420
$1,720
$1,870
FY 2026
$960
$1,090
$1,350
$1,640
$1,790
FY 2025
$950
$1,060
$1,300
$1,590
$1,790
FY 2024
$800
$890
$1,090
$1,340
$1,550
FY 2023
$770
$870
$1,070
$1,320
$1,520
Questions about Central Square, NY rents
How much will Section 8 pay for a two-bedroom in Central Square, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,493, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,344 to $1,642 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. 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 Central Square, NY in?
Central Square, NY is in the Syracuse, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,493.
How much did fair market rent change in Central Square, NY for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,350 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 32.7%.
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