FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 10918
0.92ratio
FMR$1,820
Market$1,980
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 10918
0.94ratio
FMR$2,340
Market$2,490
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 10918
0.96ratio
FMR$2,950
Market$3,060
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 10918
0.86ratio
FMR$3,100
Market$3,590
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.86
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
--
Chester, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chester, NY is $2,340 a month. That is up 9.9% from $2,130 in FY 2026. Chester 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 Chester is 69% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chester, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,630
+10.9%
$1,467–$1,793
1BR
$1,670
$1,820
+9.0%
$1,638–$2,002
2BR
$2,130
$2,340
+9.9%
$2,106–$2,574
3BR
$2,700
$2,950
+9.3%
$2,655–$3,245
4BR
$2,900
$3,100
+6.9%
$2,790–$3,410
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chester, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,820
$2,340
$2,950
$3,100
FY 2026
$1,470
$1,670
$2,130
$2,700
$2,900
FY 2025
$1,440
$1,640
$2,100
$2,680
$2,900
FY 2024
$1,380
$1,590
$2,040
$2,590
$2,860
FY 2023
$1,300
$1,430
$1,830
$2,330
$2,590
Questions about Chester, NY rents
How much will Section 8 pay for a two-bedroom in Chester, 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 $2,340 it would be $2,106 to $2,574. 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 Chester, NY in?
Chester, 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 Chester, NY for FY 2027?
The two-bedroom FMR rose 9.9%, from $2,130 in FY 2026 to $2,340 in FY 2027. Since FY 2023 it has risen 27.9%.
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