FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 14059
0.83ratio
FMR$1,710
Market$2,050
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 14059
0.89ratio
FMR$2,080
Market$2,330
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 14059
1.02ratio
FMR$2,380
Market$2,330
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
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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Elma, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elma, NY is $1,710 a month. That is down 2.8% from $1,760 in FY 2026. Elma is in the Buffalo-Cheektowaga, NY MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New York is $1,385, so Elma is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elma, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,420
−2.1%
$1,278–$1,562
1BR
$1,490
$1,450
−2.7%
$1,305–$1,595
2BR
$1,760
$1,710
−2.8%
$1,539–$1,881
3BR
$2,150
$2,080
−3.3%
$1,872–$2,288
4BR
$2,450
$2,380
−2.9%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elma, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,450
$1,710
$2,080
$2,380
FY 2026
$1,450
$1,490
$1,760
$2,150
$2,450
FY 2025
$1,260
$1,300
$1,530
$1,870
$2,110
FY 2024
$1,240
$1,300
$1,520
$1,860
$2,100
FY 2023
$1,050
$1,100
$1,290
$1,580
$1,770
Questions about Elma, NY rents
How much will Section 8 pay for a two-bedroom in Elma, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,710, that basic range is $1,539 to $1,881 a month. 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 Elma, NY in?
Elma, NY is in the Buffalo-Cheektowaga, NY MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Elma, NY for FY 2027?
The two-bedroom FMR fell 2.8%, from $1,760 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 32.6%.
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