FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR
0.92ratio
FMR$3,050
Market$3,310
vs market-$260
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR
0.92ratio
FMR$3,860
Market$4,180
vs market-$320
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.88ratio
FMR$4,230
Market$4,790
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.88
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 11424 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11424 (Jamaica, NY) is $3,050 a month. That is up 2.0% from $2,990 in FY 2026. Jamaica 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 79 ZIP codes in Queens County, 11424 is tied for the 44th-highest two-bedroom rent (county range $2,620–$4,380). The median county two-bedroom FMR in New York is $1,385, so ZIP 11424 is 120% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 11424
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,600
$2,660
+2.3%
$2,394–$2,926
1BR
$2,730
$2,800
+2.6%
$2,520–$3,080
2BR
$2,990
$3,050
+2.0%
$2,745–$3,355
3BR
$3,740
$3,860
+3.2%
$3,474–$4,246
4BR
$4,070
$4,230
+3.9%
$3,807–$4,653
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 11424
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,660
$2,800
$3,050
$3,860
$4,230
FY 2026
$2,600
$2,730
$2,990
$3,740
$4,070
FY 2025
$2,470
$2,570
$2,850
$3,550
$3,830
FY 2024
$2,440
$2,510
$2,820
$3,520
$3,790
FY 2023
$2,180
$2,230
$2,520
$3,170
$3,410
Two-bedroom rent in nearby Queens County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 11424?
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 $3,050 it would be $2,745 to $3,355. 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 11424 in?
ZIP 11424 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 11424 for FY 2027?
The two-bedroom FMR rose 2.0%, from $2,990 in FY 2026 to $3,050 in FY 2027. Since FY 2023 it has risen 21.0%.
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