FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 11560
0.91ratio
FMR$2,670
Market$2,920
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 11560
0.80ratio
FMR$3,140
Market$3,940
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 11560
0.82ratio
FMR$4,040
Market$4,900
vs market-$860
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 11560
0.75ratio
FMR$4,290
Market$5,690
vs market-$1,400
FMR is below market; voucher rent may lag private rents.
0.75
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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Locust Valley, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Locust Valley, NY is $3,140 a month. That is up 7.5% from $2,920 in FY 2026. Locust Valley 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 Locust Valley is 127% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Locust Valley, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,120
$2,290
+8.0%
$2,061–$2,519
1BR
$2,530
$2,670
+5.5%
$2,403–$2,937
2BR
$2,920
$3,140
+7.5%
$2,826–$3,454
3BR
$3,790
$4,040
+6.6%
$3,636–$4,444
4BR
$4,010
$4,290
+7.0%
$3,861–$4,719
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Locust Valley, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,290
$2,670
$3,140
$4,040
$4,290
FY 2026
$2,120
$2,530
$2,920
$3,790
$4,010
FY 2025
$1,920
$2,330
$2,690
$3,490
$3,740
FY 2024
$1,840
$2,310
$2,700
$3,490
$3,790
FY 2023
$1,650
$2,060
$2,470
$3,170
$3,490
Questions about Locust Valley, NY rents
How much will Section 8 pay for a two-bedroom in Locust Valley, 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 $3,140 it would be $2,826 to $3,454. 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 Locust Valley, NY in?
Locust Valley, 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 Locust Valley, NY for FY 2027?
The two-bedroom FMR rose 7.5%, from $2,920 in FY 2026 to $3,140 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