FMR is below market; voucher rent may lag private rents.
0.51
1 BR
1 BR- 11771
0.70ratio
FMR$2,150
Market$3,050
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 11771
0.66ratio
FMR$2,480
Market$3,740
vs market-$1,260
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR- 11771
0.65ratio
FMR$3,210
Market$4,920
vs market-$1,710
FMR is below market; voucher rent may lag private rents.
0.65
4 BR
4 BR- 11771
0.57ratio
FMR$3,400
Market$5,990
vs market-$2,590
FMR is below market; voucher rent may lag private rents.
0.57
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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Oyster Bay, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oyster Bay, NY is $2,480 a month. That is down 0.4% from $2,490 in FY 2026. Oyster Bay 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 Oyster Bay is 79% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oyster Bay, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,810
$1,800
−0.6%
$1,620–$1,980
1BR
$2,160
$2,150
−0.5%
$1,935–$2,365
2BR
$2,490
$2,480
−0.4%
$2,232–$2,728
3BR
$3,230
$3,210
−0.6%
$2,889–$3,531
4BR
$3,420
$3,400
−0.6%
$3,060–$3,740
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oyster Bay, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,800
$2,150
$2,480
$3,210
$3,400
FY 2026
$1,810
$2,160
$2,490
$3,230
$3,420
FY 2025
$1,690
$2,040
$2,360
$3,060
$3,280
FY 2024
$1,610
$2,020
$2,360
$3,050
$3,310
FY 2023
$1,500
$1,880
$2,250
$2,890
$3,180
Questions about Oyster Bay, NY rents
How much will Section 8 pay for a two-bedroom in Oyster Bay, 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 $2,480 it would be $2,232 to $2,728. 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 Oyster Bay, NY in?
Oyster Bay, 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 Oyster Bay, NY for FY 2027?
The two-bedroom FMR fell 0.4%, from $2,490 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 10.2%.
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