FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 10968
0.77ratio
FMR$3,120
Market$4,070
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 10968
0.78ratio
FMR$3,950
Market$5,060
vs market-$1,110
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR- 10968
0.68ratio
FMR$4,330
Market$6,410
vs market-$2,080
FMR is below market; voucher rent may lag private rents.
0.68
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
--
Piermont, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Piermont, NY is $3,120 a month. That is down 3.7% from $3,240 in FY 2026. Piermont 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 Piermont is 125% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Piermont, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,820
$2,720
−3.5%
$2,448–$2,992
1BR
$2,960
$2,870
−3.0%
$2,583–$3,157
2BR
$3,240
$3,120
−3.7%
$2,808–$3,432
3BR
$4,060
$3,950
−2.7%
$3,555–$4,345
4BR
$4,410
$4,330
−1.8%
$3,897–$4,763
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Piermont, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,720
$2,870
$3,120
$3,950
$4,330
FY 2026
$2,820
$2,960
$3,240
$4,060
$4,410
FY 2025
$2,750
$2,870
$3,180
$3,960
$4,280
FY 2024
$2,880
$2,960
$3,320
$4,140
$4,460
FY 2023
$2,660
$2,720
$3,070
$3,860
$4,150
Questions about Piermont, NY rents
How much will Section 8 pay for a two-bedroom in Piermont, 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 $3,120 it would be $2,808 to $3,432. 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 Piermont, NY in?
Piermont, 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 Piermont, NY for FY 2027?
The two-bedroom FMR fell 3.7%, from $3,240 in FY 2026 to $3,120 in FY 2027. Since FY 2023 it has risen 1.6%.
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