FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 13167
0.91ratio
FMR$1,350
Market$1,490
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 13167
1.04ratio
FMR$1,680
Market$1,610
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 13167
1.22ratio
FMR$2,030
Market$1,670
vs market+$360
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 13167
1.23ratio
FMR$2,210
Market$1,800
vs market+$410
FMR is above market; underwrite to market rent.
1.23
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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West Monroe, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in West Monroe, NY is $1,680 a month. That is down 2.3% from $1,720 in FY 2026. West Monroe is in the Syracuse, 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 $1,493. The median county two-bedroom FMR in New York is $1,385, so West Monroe is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for West Monroe, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,180
−4.1%
$1,062–$1,298
1BR
$1,390
$1,350
−2.9%
$1,215–$1,485
2BR
$1,720
$1,680
−2.3%
$1,512–$1,848
3BR
$2,090
$2,030
−2.9%
$1,827–$2,233
4BR
$2,280
$2,210
−3.1%
$1,989–$2,431
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for West Monroe, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,180
$1,350
$1,680
$2,030
$2,210
FY 2026
$1,230
$1,390
$1,720
$2,090
$2,280
FY 2025
$1,180
$1,320
$1,620
$1,980
$2,230
FY 2024
$970
$1,070
$1,320
$1,620
$1,880
FY 2023
$870
$970
$1,200
$1,480
$1,710
Questions about West Monroe, NY rents
How much will Section 8 pay for a two-bedroom in West Monroe, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,493, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,344 to $1,642 a month; under the ZIP-level Small Area FMR of $1,680 it would be $1,512 to $1,848. 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 West Monroe, NY in?
West Monroe, NY is in the Syracuse, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,493.
How much did fair market rent change in West Monroe, NY for FY 2027?
The two-bedroom FMR fell 2.3%, from $1,720 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 40.0%.
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