FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 13815
0.88ratio
FMR$880
Market$1,000
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 13815
1.03ratio
FMR$1,040
Market$1,010
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 13815
1.35ratio
FMR$1,440
Market$1,070
vs market+$370
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR- 13815
1.41ratio
FMR$1,550
Market$1,100
vs market+$450
FMR is above market; underwrite to market rent.
1.41
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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Norwich, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Norwich, NY is $1,040 a month. That is up 3.0% from $1,010 in FY 2026. Norwich is in the Chenango 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 $1,014. The median county two-bedroom FMR in New York is $1,385, so Norwich is 25% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Norwich, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$870
−1.1%
$783–$957
1BR
$890
$880
−1.1%
$792–$968
2BR
$1,010
$1,040
+3.0%
$936–$1,144
3BR
$1,400
$1,440
+2.9%
$1,296–$1,584
4BR
$1,540
$1,550
+0.6%
$1,395–$1,705
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Norwich, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$880
$1,040
$1,440
$1,550
FY 2026
$880
$890
$1,010
$1,400
$1,540
FY 2025
$770
$840
$960
$1,320
$1,450
FY 2024area FMR
$672
$777
$905
$1,214
$1,354
FY 2023area FMR
$577
$696
$829
$1,077
$1,192
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Norwich, NY rents
How much will Section 8 pay for a two-bedroom in Norwich, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 Norwich, NY in?
Norwich, NY is in the Chenango County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Norwich, NY for FY 2027?
The two-bedroom FMR rose 3.0%, from $1,010 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 8.3%.
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