FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR
0.78ratio
FMR$2,270
Market$2,910
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR
0.79ratio
FMR$2,670
Market$3,400
vs market-$730
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
1.08ratio
FMR$3,430
Market$3,170
vs market+$260
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR
1.02ratio
FMR$3,650
Market$3,590
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.02
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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ZIP 06390 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06390 (Fishers Island, NY) is $2,670 a month. That is down 1.8% from $2,720 in FY 2026. Fishers Island 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. Among 111 ZIP codes in Suffolk County, 06390 is tied for the 64th-highest two-bedroom rent (county range $2,480–$3,920). The median county two-bedroom FMR in New York is $1,385, so ZIP 06390 is 93% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 06390
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,970
$1,950
−1.0%
$1,755–$2,145
1BR
$2,360
$2,270
−3.8%
$2,043–$2,497
2BR
$2,720
$2,670
−1.8%
$2,403–$2,937
3BR
$3,530
$3,430
−2.8%
$3,087–$3,773
4BR
$3,730
$3,650
−2.1%
$3,285–$4,015
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 06390
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,950
$2,270
$2,670
$3,430
$3,650
FY 2026
$1,970
$2,360
$2,720
$3,530
$3,730
FY 2025
$1,820
$2,210
$2,550
$3,310
$3,540
FY 2024
$1,680
$2,110
$2,470
$3,200
$3,470
FY 2023
$1,520
$1,890
$2,270
$2,920
$3,210
Two-bedroom rent in nearby Suffolk County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 06390?
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 $2,670 it would be $2,403 to $2,937. 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 ZIP 06390 in?
ZIP 06390 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 ZIP 06390 for FY 2027?
The two-bedroom FMR fell 1.8%, from $2,720 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 17.6%.
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