FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 11792
1.10ratio
FMR$2,940
Market$2,680
vs market+$260
FMR is near market; voucher and private rents are aligned.
1.10
2 BR
2 BR- 11792
1.05ratio
FMR$3,390
Market$3,230
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR- 11792
0.96ratio
FMR$4,400
Market$4,580
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 11792
0.90ratio
FMR$4,650
Market$5,150
vs market-$500
FMR is near market; voucher and private rents are aligned.
0.90
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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Wading River, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wading River, NY is $3,390 a month. That is down 9.8% from $3,760 in FY 2026. Wading River is in the Nassau-Suffolk, 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 $2,689. The median county two-bedroom FMR in New York is $1,385, so Wading River is 145% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wading River, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,730
$2,460
−9.9%
$2,214–$2,706
1BR
$3,260
$2,940
−9.8%
$2,646–$3,234
2BR
$3,760
$3,390
−9.8%
$3,051–$3,729
3BR
$4,880
$4,400
−9.8%
$3,960–$4,840
4BR
$5,160
$4,650
−9.9%
$4,185–$5,115
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wading River, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,460
$2,940
$3,390
$4,400
$4,650
FY 2026
$2,730
$3,260
$3,760
$4,880
$5,160
FY 2025
$2,600
$3,150
$3,640
$4,720
$5,060
FY 2024
$2,510
$3,150
$3,680
$4,760
$5,170
FY 2023
$2,290
$2,850
$3,420
$4,400
$4,830
Questions about Wading River, NY rents
How much will Section 8 pay for a two-bedroom in Wading River, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $3,390 it would be $3,051 to $3,729. 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 Wading River, NY in?
Wading River, NY is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.
How much did fair market rent change in Wading River, NY for FY 2027?
The two-bedroom FMR fell 9.8%, from $3,760 in FY 2026 to $3,390 in FY 2027. Since FY 2023 it has fallen 0.9%.
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