FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR
0.75ratio
FMR$810
Market$1,080
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR
0.86ratio
FMR$1,040
Market$1,210
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.86ratio
FMR$1,270
Market$1,470
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
0.99ratio
FMR$1,400
Market$1,420
vs market-$20
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
--
ZIP 12177 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12177 (Tribes Hill, NY) is $1,040 a month. That is up 2.0% from $1,020 in FY 2026. Tribes Hill is in the Montgomery County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,111. Among 20 ZIP codes in Montgomery County, 12177 has the 14th-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in New York is $1,385, so ZIP 12177 is 25% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12177
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$810
−1.2%
$729–$891
1BR
$830
$810
−2.4%
$729–$891
2BR
$1,020
$1,040
+2.0%
$936–$1,144
3BR
$1,280
$1,270
−0.8%
$1,143–$1,397
4BR
$1,380
$1,400
+1.4%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12177
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$810
$1,040
$1,270
$1,400
FY 2026
$820
$830
$1,020
$1,280
$1,380
FY 2025
$750
$840
$1,000
$1,260
$1,330
FY 2024area FMR
$745
$780
$914
$1,166
$1,251
FY 2023area FMR
$747
$751
$889
$1,115
$1,219
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Montgomery County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12177?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,111, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,000 to $1,222 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 12177 in?
ZIP 12177 is in the Montgomery County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,111.
How much did fair market rent change in ZIP 12177 for FY 2027?
The two-bedroom FMR rose 2.0%, from $1,020 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 4.0%.
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