FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 12884
1.03ratio
FMR$1,540
Market$1,490
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 12884
1.10ratio
FMR$1,840
Market$1,670
vs market+$170
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 12884
1.09ratio
FMR$2,030
Market$1,860
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.09
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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Victory Mills, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Victory Mills, NY is $1,540 a month. That is up 14.9% from $1,340 in FY 2026. Victory Mills is in the Albany-Schenectady-Troy, NY MSA. 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 $1,711. The median county two-bedroom FMR in New York is $1,385, so Victory Mills is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Victory Mills, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,100
+13.4%
$990–$1,210
1BR
$1,120
$1,280
+14.3%
$1,152–$1,408
2BR
$1,340
$1,540
+14.9%
$1,386–$1,694
3BR
$1,620
$1,840
+13.6%
$1,656–$2,024
4BR
$1,780
$2,030
+14.0%
$1,827–$2,233
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Victory Mills, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,280
$1,540
$1,840
$2,030
FY 2026
$970
$1,120
$1,340
$1,620
$1,780
FY 2025
$940
$1,080
$1,300
$1,570
$1,720
FY 2024
$960
$1,080
$1,310
$1,580
$1,740
FY 2023
$1,010
$1,130
$1,370
$1,670
$1,840
Questions about Victory Mills, NY rents
How much will Section 8 pay for a two-bedroom in Victory Mills, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,711, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,540 to $1,882 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 Victory Mills, NY in?
Victory Mills, NY is in the Albany-Schenectady-Troy, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,711.
How much did fair market rent change in Victory Mills, NY for FY 2027?
The two-bedroom FMR rose 14.9%, from $1,340 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 12.4%.
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