FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 12701
0.78ratio
FMR$1,040
Market$1,340
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 12701
0.71ratio
FMR$1,300
Market$1,840
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 12701
0.80ratio
FMR$1,800
Market$2,260
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR- 12701
0.75ratio
FMR$1,830
Market$2,440
vs market-$610
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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Monticello, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Monticello, NY is $1,300 a month. That is up 0.8% from $1,290 in FY 2026. Monticello is in the Sullivan County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,299. The median county two-bedroom FMR in New York is $1,385, so Monticello is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Monticello, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,010
+2.0%
$909–$1,111
1BR
$1,060
$1,040
−1.9%
$936–$1,144
2BR
$1,290
$1,300
+0.8%
$1,170–$1,430
3BR
$1,790
$1,800
+0.6%
$1,620–$1,980
4BR
$1,870
$1,830
−2.1%
$1,647–$2,013
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Monticello, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,040
$1,300
$1,800
$1,830
FY 2026
$990
$1,060
$1,290
$1,790
$1,870
FY 2025
$950
$1,050
$1,230
$1,720
$1,830
FY 2024area FMR
$789
$917
$1,078
$1,506
$1,653
FY 2023area FMR
$698
$838
$1,008
$1,341
$1,526
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Monticello, NY rents
How much will Section 8 pay for a two-bedroom in Monticello, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,299, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,169 to $1,429 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. 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 Monticello, NY in?
Monticello, NY is in the Sullivan County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,299.
How much did fair market rent change in Monticello, NY for FY 2027?
The two-bedroom FMR rose 0.8%, from $1,290 in FY 2026 to $1,300 in FY 2027. Since FY 2025 it has risen 5.7%.
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