FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 13638
0.76ratio
FMR$970
Market$1,280
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 13638
0.75ratio
FMR$1,270
Market$1,690
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 13638
0.92ratio
FMR$1,740
Market$1,900
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 13638
1.04ratio
FMR$2,110
Market$2,020
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
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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Felts Mills, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Felts Mills, NY is $1,270 a month. That is up 9.5% from $1,160 in FY 2026. Felts Mills is in the Watertown-Fort Drum, 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 $1,453. The median county two-bedroom FMR in New York is $1,385, so Felts Mills is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Felts Mills, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$880
+8.6%
$792–$968
1BR
$880
$970
+10.2%
$873–$1,067
2BR
$1,160
$1,270
+9.5%
$1,143–$1,397
3BR
$1,570
$1,740
+10.8%
$1,566–$1,914
4BR
$1,920
$2,110
+9.9%
$1,899–$2,321
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Felts Mills, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$880
$970
$1,270
$1,740
$2,110
FY 2026
$810
$880
$1,160
$1,570
$1,920
FY 2025
$830
$940
$1,230
$1,660
$2,010
FY 2024
$740
$850
$1,120
$1,500
$1,800
FY 2023
$820
$940
$1,240
$1,660
$1,950
Questions about Felts Mills, NY rents
How much will Section 8 pay for a two-bedroom in Felts Mills, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,453, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,308 to $1,598 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 Felts Mills, NY in?
Felts Mills, NY is in the Watertown-Fort Drum, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,453.
How much did fair market rent change in Felts Mills, NY for FY 2027?
The two-bedroom FMR rose 9.5%, from $1,160 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 2.4%.
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