FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
0.94ratio
FMR$3,020
Market$3,200
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
1.00ratio
FMR$3,820
Market$3,810
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
0.85ratio
FMR$4,190
Market$4,950
vs market-$760
FMR is below market; voucher rent may lag private rents.
0.85
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
--
ZIP 10521 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10521 (Westchester County, NY) is $3,020 a month. That is up 2.4% from $2,950 in FY 2026. Westchester County 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 86 ZIP codes in Westchester County, 10521 is tied for the 61st-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10521 is 118% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10521
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,560
$2,640
+3.1%
$2,376–$2,904
1BR
$2,690
$2,770
+3.0%
$2,493–$3,047
2BR
$2,950
$3,020
+2.4%
$2,718–$3,322
3BR
$3,690
$3,820
+3.5%
$3,438–$4,202
4BR
$4,010
$4,190
+4.5%
$3,771–$4,609
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10521
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,640
$2,770
$3,020
$3,820
$4,190
FY 2026
$2,560
$2,690
$2,950
$3,690
$4,010
FY 2025
$2,440
$2,550
$2,820
$3,510
$3,790
FY 2024
$1,650
$1,930
$2,350
$2,880
$3,130
FY 2023area FMR
$1,436
$1,669
$2,029
$2,515
$2,782
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Westchester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 10521?
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 $3,020 it would be $2,718 to $3,322. 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 10521 in?
ZIP 10521 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 10521 for FY 2027?
The two-bedroom FMR rose 2.4%, from $2,950 in FY 2026 to $3,020 in FY 2027. Since FY 2024 it has risen 28.5%.
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