FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 11418
0.95ratio
FMR$3,030
Market$3,180
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 11418
1.07ratio
FMR$3,830
Market$3,590
vs market+$240
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 11418
0.99ratio
FMR$4,200
Market$4,250
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.99
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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Richmond Hill, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Richmond Hill, NY is $3,030 a month. That is up 0.7% from $3,010 in FY 2026. Richmond Hill 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 Richmond Hill is 119% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Richmond Hill, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,620
$2,640
+0.8%
$2,376–$2,904
1BR
$2,750
$2,780
+1.1%
$2,502–$3,058
2BR
$3,010
$3,030
+0.7%
$2,727–$3,333
3BR
$3,770
$3,830
+1.6%
$3,447–$4,213
4BR
$4,100
$4,200
+2.4%
$3,780–$4,620
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Richmond Hill, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,640
$2,780
$3,030
$3,830
$4,200
FY 2026
$2,620
$2,750
$3,010
$3,770
$4,100
FY 2025
$2,390
$2,490
$2,760
$3,440
$3,710
FY 2024
$2,370
$2,430
$2,730
$3,410
$3,670
FY 2023
$2,170
$2,220
$2,510
$3,150
$3,400
Questions about Richmond Hill, NY rents
How much will Section 8 pay for a two-bedroom in Richmond Hill, 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 $3,030 it would be $2,727 to $3,333. 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 Richmond Hill, NY in?
Richmond Hill, 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 Richmond Hill, NY for FY 2027?
The two-bedroom FMR rose 0.7%, from $3,010 in FY 2026 to $3,030 in FY 2027. Since FY 2023 it has risen 20.7%.
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