FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 10566
1.01ratio
FMR$3,860
Market$3,830
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 10566
0.86ratio
FMR$4,230
Market$4,940
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.86
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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Peekskill, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Peekskill, NY is $3,050 a month. That is up 3.0% from $2,960 in FY 2026. Peekskill 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 Peekskill is 120% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Peekskill, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,570
$2,660
+3.5%
$2,394–$2,926
1BR
$2,700
$2,800
+3.7%
$2,520–$3,080
2BR
$2,960
$3,050
+3.0%
$2,745–$3,355
3BR
$3,710
$3,860
+4.0%
$3,474–$4,246
4BR
$4,030
$4,230
+5.0%
$3,807–$4,653
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Peekskill, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,660
$2,800
$3,050
$3,860
$4,230
FY 2026
$2,570
$2,700
$2,960
$3,710
$4,030
FY 2025
$2,420
$2,530
$2,800
$3,490
$3,760
FY 2024
$1,600
$1,880
$2,280
$2,800
$3,040
FY 2023
$1,360
$1,580
$1,920
$2,380
$2,630
Questions about Peekskill, NY rents
How much will Section 8 pay for a two-bedroom in Peekskill, 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 $3,050 it would be $2,745 to $3,355. 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 Peekskill, NY in?
Peekskill, 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 Peekskill, NY for FY 2027?
The two-bedroom FMR rose 3.0%, from $2,960 in FY 2026 to $3,050 in FY 2027. Since FY 2023 it has risen 58.9%.
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