FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR
0.81ratio
FMR$2,285
Market$2,810
vs market-$525
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR
0.73ratio
FMR$2,689
Market$3,660
vs market-$971
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.66ratio
FMR$3,458
Market$5,240
vs market-$1,782
FMR is below market; voucher rent may lag private rents.
0.66
4 BR
4 BR
0.63ratio
FMR$3,671
Market$5,850
vs market-$2,179
FMR is below market; voucher rent may lag private rents.
0.63
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 11599 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 11599 (Garden City, NY) is $2,689 a month. That is down 2.1% from $2,747 in FY 2026. Garden City is in the Nassau-Suffolk, NY HUD Metro FMR Area. The median county two-bedroom FMR in New York is $1,385, so ZIP 11599 is 94% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 11599
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,992
$1,964
−1.4%
$1,768–$2,160
1BR
$2,379
$2,285
−4.0%
$2,057–$2,514
2BR
$2,747
$2,689
−2.1%
$2,420–$2,958
3BR
$3,563
$3,458
−2.9%
$3,112–$3,804
4BR
$3,768
$3,671
−2.6%
$3,304–$4,038
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 11599
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,964
$2,285
$2,689
$3,458
$3,671
FY 2026
$1,992
$2,379
$2,747
$3,563
$3,768
FY 2025
$1,848
$2,241
$2,586
$3,352
$3,591
FY 2024
$1,708
$2,144
$2,508
$3,246
$3,521
FY 2023
$1,536
$1,914
$2,297
$2,952
$3,245
Questions about ZIP 11599 rents
How much will Section 8 pay for a two-bedroom in ZIP 11599?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,689, that basic range is $2,420 to $2,958 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 11599 in?
ZIP 11599 is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 11599 for FY 2027?
The two-bedroom FMR fell 2.1%, from $2,747 in FY 2026 to $2,689 in FY 2027. Since FY 2023 it has risen 17.1%.
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 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