FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR
1.06ratio
FMR$4,470
Market$4,230
vs market+$240
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
0.94ratio
FMR$4,900
Market$5,230
vs market-$330
FMR is near market; voucher and private rents are aligned.
0.94
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 10540 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10540 (Lincolndale, NY) is $3,530 a month. That is down 1.7% from $3,590 in FY 2026. Lincolndale 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, 10540 has the 31st-highest two-bedroom rent (county range $2,620–$4,460). The median county two-bedroom FMR in New York is $1,385, so ZIP 10540 is 155% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10540
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,120
$3,080
−1.3%
$2,772–$3,388
1BR
$3,270
$3,250
−0.6%
$2,925–$3,575
2BR
$3,590
$3,530
−1.7%
$3,177–$3,883
3BR
$4,490
$4,470
−0.4%
$4,023–$4,917
4BR
$4,880
$4,900
+0.4%
$4,410–$5,390
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10540
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,080
$3,250
$3,530
$4,470
$4,900
FY 2026
$3,120
$3,270
$3,590
$4,490
$4,880
FY 2025
$2,860
$2,990
$3,310
$4,120
$4,450
FY 2024
$1,650
$1,930
$2,350
$2,880
$3,130
FY 2023
$1,440
$1,670
$2,030
$2,520
$2,780
Two-bedroom rent in nearby Westchester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 10540?
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 $3,530 it would be $3,177 to $3,883. 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 10540 in?
ZIP 10540 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 10540 for FY 2027?
The two-bedroom FMR fell 1.7%, from $3,590 in FY 2026 to $3,530 in FY 2027. Since FY 2023 it has risen 73.9%.
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