FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
1.02ratio
FMR$2,200
Market$2,160
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR
1.01ratio
FMR$2,820
Market$2,800
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.12ratio
FMR$3,550
Market$3,160
vs market+$390
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR
0.99ratio
FMR$3,740
Market$3,770
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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 10975 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 10975 (Southfields, NY) is $2,820 a month. That is up 3.3% from $2,730 in FY 2026. Southfields is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. 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 $2,131. Among 60 ZIP codes in Orange County, 10975 has the 3rd-highest two-bedroom rent (county range $1,790–$3,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 10975 is 104% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 10975
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,880
$1,960
+4.3%
$1,764–$2,156
1BR
$2,140
$2,200
+2.8%
$1,980–$2,420
2BR
$2,730
$2,820
+3.3%
$2,538–$3,102
3BR
$3,460
$3,550
+2.6%
$3,195–$3,905
4BR
$3,720
$3,740
+0.5%
$3,366–$4,114
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 10975
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,960
$2,200
$2,820
$3,550
$3,740
FY 2026
$1,880
$2,140
$2,730
$3,460
$3,720
FY 2025
$1,480
$1,690
$2,160
$2,750
$2,980
FY 2024
$1,350
$1,550
$1,990
$2,530
$2,790
FY 2023
$1,240
$1,360
$1,750
$2,230
$2,470
Two-bedroom rent in nearby Orange County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 10975?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $2,820 it would be $2,538 to $3,102. 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 10975 in?
ZIP 10975 is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.
How much did fair market rent change in ZIP 10975 for FY 2027?
The two-bedroom FMR rose 3.3%, from $2,730 in FY 2026 to $2,820 in FY 2027. Since FY 2023 it has risen 61.1%.
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