FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 10577
0.63ratio
FMR$4,270
Market$6,790
vs market-$2,520
FMR is below market; voucher rent may lag private rents.
0.63
4 BR
4 BR- 10577
0.65ratio
FMR$4,670
Market$7,230
vs market-$2,560
FMR is below market; voucher rent may lag private rents.
0.65
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Purchase, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Purchase, NY is $3,370 a month. That is up 0.9% from $3,340 in FY 2026. Purchase 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 Purchase is 143% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Purchase, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,900
$2,940
+1.4%
$2,646–$3,234
1BR
$3,050
$3,090
+1.3%
$2,781–$3,399
2BR
$3,340
$3,370
+0.9%
$3,033–$3,707
3BR
$4,180
$4,270
+2.2%
$3,843–$4,697
4BR
$4,540
$4,670
+2.9%
$4,203–$5,137
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Purchase, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,940
$3,090
$3,370
$4,270
$4,670
FY 2026
$2,900
$3,050
$3,340
$4,180
$4,540
FY 2025
$2,860
$2,990
$3,310
$4,120
$4,450
FY 2024
$1,970
$2,320
$2,810
$3,450
$3,740
FY 2023
$1,660
$1,930
$2,350
$2,910
$3,220
Questions about Purchase, NY rents
How much will Section 8 pay for a two-bedroom in Purchase, 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 $3,370 it would be $3,033 to $3,707. 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 Purchase, NY in?
Purchase, 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 Purchase, NY for FY 2027?
The two-bedroom FMR rose 0.9%, from $3,340 in FY 2026 to $3,370 in FY 2027. Since FY 2023 it has risen 43.4%.
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