FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 14072
0.90ratio
FMR$1,390
Market$1,550
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 14072
0.87ratio
FMR$1,640
Market$1,880
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 14072
1.01ratio
FMR$2,000
Market$1,990
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 14072
1.02ratio
FMR$2,280
Market$2,230
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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Grand Island, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grand Island, NY is $1,640 a month. That is up 0.6% from $1,630 in FY 2026. Grand Island 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 Grand Island is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grand Island, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,360
+1.5%
$1,224–$1,496
1BR
$1,380
$1,390
+0.7%
$1,251–$1,529
2BR
$1,630
$1,640
+0.6%
$1,476–$1,804
3BR
$1,990
$2,000
+0.5%
$1,800–$2,200
4BR
$2,270
$2,280
+0.4%
$2,052–$2,508
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grand Island, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,390
$1,640
$2,000
$2,280
FY 2026
$1,340
$1,380
$1,630
$1,990
$2,270
FY 2025
$1,200
$1,240
$1,460
$1,780
$2,020
FY 2024
$1,180
$1,230
$1,440
$1,760
$1,990
FY 2023
$1,050
$1,100
$1,290
$1,580
$1,770
Questions about Grand Island, NY rents
How much will Section 8 pay for a two-bedroom in Grand Island, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,640, that basic range is $1,476 to $1,804 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 Grand Island, NY in?
Grand Island, 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 Grand Island, NY for FY 2027?
The two-bedroom FMR rose 0.6%, from $1,630 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 27.1%.
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