FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 12512
0.70ratio
FMR$1,750
Market$2,500
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 12512
0.71ratio
FMR$2,250
Market$3,180
vs market-$930
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 12512
0.83ratio
FMR$2,840
Market$3,440
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR- 12512
0.80ratio
FMR$2,980
Market$3,730
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.80
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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Chelsea, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chelsea, NY is $2,250 a month. That is up 6.1% from $2,120 in FY 2026. Chelsea is in the Kiryas Joel-Poughkeepsie-Newburgh, 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 $2,131. The median county two-bedroom FMR in New York is $1,385, so Chelsea is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chelsea, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,460
$1,570
+7.5%
$1,413–$1,727
1BR
$1,660
$1,750
+5.4%
$1,575–$1,925
2BR
$2,120
$2,250
+6.1%
$2,025–$2,475
3BR
$2,690
$2,840
+5.6%
$2,556–$3,124
4BR
$2,890
$2,980
+3.1%
$2,682–$3,278
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chelsea, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,570
$1,750
$2,250
$2,840
$2,980
FY 2026
$1,460
$1,660
$2,120
$2,690
$2,890
FY 2025
$1,410
$1,600
$2,050
$2,610
$2,830
FY 2024
$1,340
$1,540
$1,980
$2,510
$2,780
FY 2023
$1,220
$1,330
$1,710
$2,180
$2,420
Questions about Chelsea, NY rents
How much will Section 8 pay for a two-bedroom in Chelsea, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $2,250 it would be $2,025 to $2,475. 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 Chelsea, NY in?
Chelsea, NY is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.
How much did fair market rent change in Chelsea, NY for FY 2027?
The two-bedroom FMR rose 6.1%, from $2,120 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 31.6%.
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