FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 12548
0.84ratio
FMR$1,440
Market$1,720
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 12548
0.77ratio
FMR$1,890
Market$2,440
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 12548
0.84ratio
FMR$2,330
Market$2,780
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 12548
0.88ratio
FMR$2,500
Market$2,830
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.88
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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Modena, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Modena, NY is $1,890 a month. That is down 9.6% from $2,090 in FY 2026. Modena is in the Kingston, 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 $1,878. The median county two-bedroom FMR in New York is $1,385, so Modena is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Modena, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,350
−10.0%
$1,215–$1,485
1BR
$1,590
$1,440
−9.4%
$1,296–$1,584
2BR
$2,090
$1,890
−9.6%
$1,701–$2,079
3BR
$2,580
$2,330
−9.7%
$2,097–$2,563
4BR
$2,770
$2,500
−9.7%
$2,250–$2,750
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Modena, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,440
$1,890
$2,330
$2,500
FY 2026
$1,500
$1,590
$2,090
$2,580
$2,770
FY 2025
$1,440
$1,440
$1,890
$2,390
$2,590
FY 2024
$1,220
$1,250
$1,620
$2,090
$2,340
FY 2023
$990
$1,050
$1,360
$1,780
$1,980
Questions about Modena, NY rents
How much will Section 8 pay for a two-bedroom in Modena, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,878, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,690 to $2,066 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 Modena, NY in?
Modena, NY is in the Kingston, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,878.
How much did fair market rent change in Modena, NY for FY 2027?
The two-bedroom FMR fell 9.6%, from $2,090 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 39.0%.
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