FMR is below market; voucher rent may lag private rents.
0.52
1 BR
1 BR- 13341
0.56ratio
FMR$960
Market$1,720
vs market-$760
FMR is below market; voucher rent may lag private rents.
0.56
2 BR
2 BR- 13341
0.66ratio
FMR$1,230
Market$1,860
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR- 13341
0.64ratio
FMR$1,470
Market$2,290
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.64
4 BR
4 BR- 13341
0.69ratio
FMR$1,660
Market$2,400
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.69
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
--
Franklin Springs, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Franklin Springs, NY is $1,230 a month. That is up 3.4% from $1,190 in FY 2026. Franklin Springs is in the Utica-Rome, 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 $1,210. The median county two-bedroom FMR in New York is $1,385, so Franklin Springs is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Franklin Springs, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$870
−4.4%
$783–$957
1BR
$940
$960
+2.1%
$864–$1,056
2BR
$1,190
$1,230
+3.4%
$1,107–$1,353
3BR
$1,430
$1,470
+2.8%
$1,323–$1,617
4BR
$1,650
$1,660
+0.6%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Franklin Springs, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$960
$1,230
$1,470
$1,660
FY 2026
$910
$940
$1,190
$1,430
$1,650
FY 2025
$940
$940
$1,180
$1,420
$1,680
FY 2024
$850
$860
$1,080
$1,310
$1,540
FY 2023
$940
$950
$1,190
$1,450
$1,710
Questions about Franklin Springs, NY rents
How much will Section 8 pay for a two-bedroom in Franklin Springs, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,210, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,089 to $1,331 a month; under the ZIP-level Small Area FMR of $1,230 it would be $1,107 to $1,353. 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 Franklin Springs, NY in?
Franklin Springs, NY is in the Utica-Rome, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,210.
How much did fair market rent change in Franklin Springs, NY for FY 2027?
The two-bedroom FMR rose 3.4%, from $1,190 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 3.4%.
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