FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 10560
0.82ratio
FMR$4,430
Market$5,390
vs market-$960
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 10560
0.82ratio
FMR$4,850
Market$5,890
vs market-$1,040
FMR is below market; voucher rent may lag private rents.
0.82
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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North Salem, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Salem, NY is $3,500 a month. That is down 0.6% from $3,520 in FY 2026. North Salem is in the New York, 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 $2,971. The median county two-bedroom FMR in New York is $1,385, so North Salem is 153% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Salem, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,060
$3,050
−0.3%
$2,745–$3,355
1BR
$3,210
$3,220
+0.3%
$2,898–$3,542
2BR
$3,520
$3,500
−0.6%
$3,150–$3,850
3BR
$4,410
$4,430
+0.5%
$3,987–$4,873
4BR
$4,790
$4,850
+1.3%
$4,365–$5,335
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Salem, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,050
$3,220
$3,500
$4,430
$4,850
FY 2026
$3,060
$3,210
$3,520
$4,410
$4,790
FY 2025
$2,810
$2,940
$3,250
$4,050
$4,370
FY 2024
$1,920
$2,140
$2,600
$3,190
$3,460
FY 2023
$1,520
$1,770
$2,150
$2,670
$2,950
Questions about North Salem, NY rents
How much will Section 8 pay for a two-bedroom in North Salem, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,971, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,674 to $3,268 a month; under the ZIP-level Small Area FMR of $3,500 it would be $3,150 to $3,850. 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 North Salem, NY in?
North Salem, NY is in the New York, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,971.
How much did fair market rent change in North Salem, NY for FY 2027?
The two-bedroom FMR fell 0.6%, from $3,520 in FY 2026 to $3,500 in FY 2027. Since FY 2023 it has risen 62.8%.
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