FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 10590
0.74ratio
FMR$4,480
Market$6,060
vs market-$1,580
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 10590
0.66ratio
FMR$4,910
Market$7,480
vs market-$2,570
FMR is below market; voucher rent may lag private rents.
0.66
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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South Salem, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Salem, NY is $3,540 a month. That is down 3.5% from $3,670 in FY 2026. South Salem 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 South Salem is 156% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for South Salem, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,190
$3,090
−3.1%
$2,781–$3,399
1BR
$3,350
$3,250
−3.0%
$2,925–$3,575
2BR
$3,670
$3,540
−3.5%
$3,186–$3,894
3BR
$4,600
$4,480
−2.6%
$4,032–$4,928
4BR
$4,990
$4,910
−1.6%
$4,419–$5,401
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for South Salem, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,090
$3,250
$3,540
$4,480
$4,910
FY 2026
$3,190
$3,350
$3,670
$4,600
$4,990
FY 2025
$3,120
$3,250
$3,600
$4,490
$4,840
FY 2024
$2,130
$2,500
$3,040
$3,730
$4,050
FY 2023
$1,780
$2,060
$2,510
$3,110
$3,440
Questions about South Salem, NY rents
How much will Section 8 pay for a two-bedroom in South Salem, 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 $3,540 it would be $3,186 to $3,894. 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 South Salem, NY in?
South Salem, 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 South Salem, NY for FY 2027?
The two-bedroom FMR fell 3.5%, from $3,670 in FY 2026 to $3,540 in FY 2027. Since FY 2023 it has risen 41.0%.
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