FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR
0.84ratio
FMR$2,450
Market$2,930
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.91ratio
FMR$2,670
Market$2,920
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR
1.04ratio
FMR$3,380
Market$3,260
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
0.98ratio
FMR$3,700
Market$3,760
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.98
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 10037 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10037 (New York, NY) is $2,670 a month. That is up 3.5% from $2,580 in FY 2026. New York is in the New York, 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 $2,971. Among 128 ZIP codes in New York County, 10037 has the 122nd-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10037 is 93% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10037
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,240
$2,330
+4.0%
$2,097–$2,563
1BR
$2,350
$2,450
+4.3%
$2,205–$2,695
2BR
$2,580
$2,670
+3.5%
$2,403–$2,937
3BR
$3,230
$3,380
+4.6%
$3,042–$3,718
4BR
$3,510
$3,700
+5.4%
$3,330–$4,070
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10037
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,330
$2,450
$2,670
$3,380
$3,700
FY 2026
$2,240
$2,350
$2,580
$3,230
$3,510
FY 2025
$2,150
$2,210
$2,480
$3,100
$3,330
FY 2024
$2,130
$2,190
$2,460
$3,070
$3,310
FY 2023
$1,970
$2,020
$2,280
$2,860
$3,090
Two-bedroom rent in nearby New York County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 10037?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,971, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,674 to $3,268 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 10037 in?
ZIP 10037 is in the New York, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,971.
How much did fair market rent change in ZIP 10037 for FY 2027?
The two-bedroom FMR rose 3.5%, from $2,580 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 17.1%.
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