FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 11755
0.88ratio
FMR$2,330
Market$2,650
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 11755
0.79ratio
FMR$2,740
Market$3,470
vs market-$730
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 11755
0.92ratio
FMR$3,520
Market$3,830
vs market-$310
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 11755
0.76ratio
FMR$3,740
Market$4,900
vs market-$1,160
FMR is below market; voucher rent may lag private rents.
0.76
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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Lake Grove, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lake Grove, NY is $2,740 a month. That is down 3.5% from $2,840 in FY 2026. Lake Grove is in the Nassau-Suffolk, NY HUD Metro 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 metro-wide two-bedroom FMR of $2,689. The median county two-bedroom FMR in New York is $1,385, so Lake Grove is 98% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lake Grove, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,060
$2,000
−2.9%
$1,800–$2,200
1BR
$2,460
$2,330
−5.3%
$2,097–$2,563
2BR
$2,840
$2,740
−3.5%
$2,466–$3,014
3BR
$3,680
$3,520
−4.3%
$3,168–$3,872
4BR
$3,900
$3,740
−4.1%
$3,366–$4,114
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lake Grove, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,000
$2,330
$2,740
$3,520
$3,740
FY 2026
$2,060
$2,460
$2,840
$3,680
$3,900
FY 2025
$1,970
$2,390
$2,760
$3,580
$3,830
FY 2024
$1,850
$2,320
$2,710
$3,510
$3,800
FY 2023
$1,660
$2,080
$2,490
$3,200
$3,520
Questions about Lake Grove, NY rents
How much will Section 8 pay for a two-bedroom in Lake Grove, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $2,740 it would be $2,466 to $3,014. 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 Lake Grove, NY in?
Lake Grove, NY is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.
How much did fair market rent change in Lake Grove, NY for FY 2027?
The two-bedroom FMR fell 3.5%, from $2,840 in FY 2026 to $2,740 in FY 2027. Since FY 2023 it has risen 10.0%.
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