FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 10990
0.68ratio
FMR$1,460
Market$2,140
vs market-$680
FMR is below market; voucher rent may lag private rents.
0.68
2 BR
2 BR- 10990
0.71ratio
FMR$1,870
Market$2,640
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 10990
0.79ratio
FMR$2,360
Market$3,000
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR- 10990
0.73ratio
FMR$2,480
Market$3,400
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.73
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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Warwick, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Warwick, NY is $1,870 a month. That is up 7.5% from $1,740 in FY 2026. Warwick is in the Kiryas Joel-Poughkeepsie-Newburgh, 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 $2,131. The median county two-bedroom FMR in New York is $1,385, so Warwick is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Warwick, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,300
+8.3%
$1,170–$1,430
1BR
$1,360
$1,460
+7.4%
$1,314–$1,606
2BR
$1,740
$1,870
+7.5%
$1,683–$2,057
3BR
$2,210
$2,360
+6.8%
$2,124–$2,596
4BR
$2,370
$2,480
+4.6%
$2,232–$2,728
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Warwick, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,460
$1,870
$2,360
$2,480
FY 2026
$1,200
$1,360
$1,740
$2,210
$2,370
FY 2025
$1,170
$1,330
$1,700
$2,170
$2,350
FY 2024
$1,100
$1,260
$1,620
$2,050
$2,270
FY 2023
$990
$1,080
$1,390
$1,770
$1,970
Questions about Warwick, NY rents
How much will Section 8 pay for a two-bedroom in Warwick, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $1,870 it would be $1,683 to $2,057. 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 Warwick, NY in?
Warwick, NY is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.
How much did fair market rent change in Warwick, NY for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,740 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 34.5%.
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