FMR is near market; voucher and private rents are aligned.
1.07
1 BR
1 BR
1.01ratio
FMR$2,610
Market$2,580
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
0.85ratio
FMR$2,840
Market$3,350
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR
0.87ratio
FMR$3,590
Market$4,120
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.80ratio
FMR$3,940
Market$4,950
vs market-$1,010
FMR is below market; voucher rent may lag private rents.
0.80
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 10542 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10542 (Mahopac Falls, NY) is $2,840 a month. That is up 1.8% from $2,790 in FY 2026. Mahopac Falls 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 18 ZIP codes in Putnam County, 10542 is tied for the 7th-highest two-bedroom rent (county range $2,620–$3,960). The median county two-bedroom FMR in New York is $1,385, so ZIP 10542 is 105% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10542
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,420
$2,480
+2.5%
$2,232–$2,728
1BR
$2,550
$2,610
+2.4%
$2,349–$2,871
2BR
$2,790
$2,840
+1.8%
$2,556–$3,124
3BR
$3,490
$3,590
+2.9%
$3,231–$3,949
4BR
$3,800
$3,940
+3.7%
$3,546–$4,334
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10542
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,480
$2,610
$2,840
$3,590
$3,940
FY 2026
$2,420
$2,550
$2,790
$3,490
$3,800
FY 2025
$2,280
$2,380
$2,640
$3,290
$3,550
FY 2024
$2,250
$2,320
$2,600
$3,240
$3,500
FY 2023
$2,000
$2,050
$2,310
$2,900
$3,130
Two-bedroom rent in nearby Putnam County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 10542?
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 $2,840 it would be $2,556 to $3,124. 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 10542 in?
ZIP 10542 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 10542 for FY 2027?
The two-bedroom FMR rose 1.8%, from $2,790 in FY 2026 to $2,840 in FY 2027. Since FY 2023 it has risen 22.9%.
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