FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR
1.10ratio
FMR$3,760
Market$3,420
vs market+$340
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR
1.14ratio
FMR$4,121
Market$3,600
vs market+$521
FMR is above market; underwrite to market rent.
1.14
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 11499 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 11499 (Jamaica, NY) is $2,971 a month. That is up 2.1% from $2,910 in FY 2026. Jamaica is in the New York, NY HUD Metro FMR Area. The median county two-bedroom FMR in New York is $1,385, so ZIP 11499 is 115% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 11499
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,529
$2,593
+2.5%
$2,334–$2,852
1BR
$2,655
$2,729
+2.8%
$2,456–$3,002
2BR
$2,910
$2,971
+2.1%
$2,674–$3,268
3BR
$3,644
$3,760
+3.2%
$3,384–$4,136
4BR
$3,959
$4,121
+4.1%
$3,709–$4,533
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 11499
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,593
$2,729
$2,971
$3,760
$4,121
FY 2026
$2,529
$2,655
$2,910
$3,644
$3,959
FY 2025
$2,406
$2,511
$2,780
$3,465
$3,738
FY 2024
$2,386
$2,451
$2,752
$3,434
$3,700
FY 2023
$2,123
$2,170
$2,451
$3,078
$3,316
Questions about ZIP 11499 rents
How much will Section 8 pay for a two-bedroom in ZIP 11499?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,971, that basic range is $2,674 to $3,268 a month. 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 11499 in?
ZIP 11499 is in the New York, NY HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 11499 for FY 2027?
The two-bedroom FMR rose 2.1%, from $2,910 in FY 2026 to $2,971 in FY 2027. Since FY 2023 it has risen 21.2%.
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 Fair Market Rents. 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