Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Wales Center, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wales Center, NY is $1,370 a month. That is up 8.7% from $1,260 in FY 2026. Wales Center is in the Buffalo-Cheektowaga, NY MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New York is $1,385, so Wales Center is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wales Center, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,130
+8.7%
$1,017–$1,243
1BR
$1,070
$1,160
+8.4%
$1,044–$1,276
2BR
$1,260
$1,370
+8.7%
$1,233–$1,507
3BR
$1,540
$1,670
+8.4%
$1,503–$1,837
4BR
$1,750
$1,900
+8.6%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wales Center, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,160
$1,370
$1,670
$1,900
FY 2026
$1,040
$1,070
$1,260
$1,540
$1,750
FY 2025
$900
$930
$1,090
$1,330
$1,510
FY 2024
$890
$930
$1,090
$1,330
$1,500
FY 2023
$820
$860
$1,010
$1,240
$1,390
Questions about Wales Center, NY rents
How much will Section 8 pay for a two-bedroom in Wales Center, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 a month. 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 Wales Center, NY in?
Wales Center, NY is in the Buffalo-Cheektowaga, NY MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Wales Center, NY for FY 2027?
The two-bedroom FMR rose 8.7%, from $1,260 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 35.6%.
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