Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 12195 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12195 (West Lebanon, NY) is $1,640 a month. That is up 1.9% from $1,610 in FY 2026. West Lebanon is in the Columbia 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 $1,503. Among 41 ZIP codes in Columbia County, 12195 is tied for the 16th-highest two-bedroom rent (county range $1,300–$2,250). The median county two-bedroom FMR in New York is $1,385, so ZIP 12195 is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12195
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,370
−2.1%
$1,233–$1,507
1BR
$1,420
$1,420
0.0%
$1,278–$1,562
2BR
$1,610
$1,640
+1.9%
$1,476–$1,804
3BR
$1,940
$2,000
+3.1%
$1,800–$2,200
4BR
$2,140
$2,150
+0.5%
$1,935–$2,365
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12195
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,420
$1,640
$2,000
$2,150
FY 2026
$1,400
$1,420
$1,610
$1,940
$2,140
FY 2025
$1,350
$1,360
$1,550
$1,870
$2,060
FY 2024area FMR
$1,032
$1,042
$1,190
$1,439
$1,585
FY 2023area FMR
$913
$952
$1,107
$1,392
$1,487
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Columbia County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12195?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,503, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,353 to $1,653 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 12195 in?
ZIP 12195 is in the Columbia County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,503.
How much did fair market rent change in ZIP 12195 for FY 2027?
The two-bedroom FMR rose 1.9%, from $1,610 in FY 2026 to $1,640 in FY 2027. Since FY 2025 it has risen 5.8%.
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