FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR- 14830
0.84ratio
FMR$970
Market$1,150
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 14830
0.71ratio
FMR$1,220
Market$1,710
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 14830
0.87ratio
FMR$1,610
Market$1,850
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 14830
0.93ratio
FMR$2,040
Market$2,190
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.93
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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Corning, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Corning, NY is $1,220 a month. That is down 2.4% from $1,250 in FY 2026. Corning is in the Steuben County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,058. The median county two-bedroom FMR in New York is $1,385, so Corning is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Corning, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,000
$960
−4.0%
$864–$1,056
1BR
$1,010
$970
−4.0%
$873–$1,067
2BR
$1,250
$1,220
−2.4%
$1,098–$1,342
3BR
$1,630
$1,610
−1.2%
$1,449–$1,771
4BR
$2,080
$2,040
−1.9%
$1,836–$2,244
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Corning, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$970
$1,220
$1,610
$2,040
FY 2026
$1,000
$1,010
$1,250
$1,630
$2,080
FY 2025
$990
$1,000
$1,210
$1,560
$2,030
FY 2024
$930
$950
$1,240
$1,600
$1,740
FY 2023
$830
$830
$1,070
$1,370
$1,530
Questions about Corning, NY rents
How much will Section 8 pay for a two-bedroom in Corning, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,058, which applies unless the housing authority uses Small Area FMRs, that basic range is $952 to $1,164 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 Corning, NY in?
Corning, NY is in the Steuben County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,058.
How much did fair market rent change in Corning, NY for FY 2027?
The two-bedroom FMR fell 2.4%, from $1,250 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 14.0%.
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