FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR
0.77ratio
FMR$3,380
Market$4,410
vs market-$1,030
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR
0.64ratio
FMR$3,680
Market$5,730
vs market-$2,050
FMR is below market; voucher rent may lag private rents.
0.64
3 BR
3 BR
0.35ratio
FMR$4,660
Market$13,130
vs market-$8,470
FMR is below market; voucher rent may lag private rents.
0.35
4 BR
4 BR
1.15ratio
FMR$5,100
Market$4,430
vs market+$670
FMR is above market; underwrite to market rent.
1.15
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 10274 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10274 (New York, NY) is $3,680 a month. That is up 2.5% from $3,590 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, 10274 is tied for the 26th-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10274 is 166% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10274
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,120
$3,210
+2.9%
$2,889–$3,531
1BR
$3,270
$3,380
+3.4%
$3,042–$3,718
2BR
$3,590
$3,680
+2.5%
$3,312–$4,048
3BR
$4,500
$4,660
+3.6%
$4,194–$5,126
4BR
$4,880
$5,100
+4.5%
$4,590–$5,610
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10274
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,210
$3,380
$3,680
$4,660
$5,100
FY 2026
$3,120
$3,270
$3,590
$4,500
$4,880
FY 2025
$2,980
$3,110
$3,440
$4,290
$4,630
FY 2024
$2,990
$3,070
$3,450
$4,300
$4,640
FY 2023
$2,690
$2,750
$3,110
$3,910
$4,210
Questions about ZIP 10274 rents
How much will Section 8 pay for a two-bedroom in ZIP 10274?
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 $3,680 it would be $3,312 to $4,048. 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 10274 in?
ZIP 10274 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 10274 for FY 2027?
The two-bedroom FMR rose 2.5%, from $3,590 in FY 2026 to $3,680 in FY 2027. Since FY 2023 it has risen 18.3%.
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