FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR
0.73ratio
FMR$1,530
Market$2,100
vs market-$570
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR
0.71ratio
FMR$2,000
Market$2,800
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR
0.77ratio
FMR$2,430
Market$3,150
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR
0.76ratio
FMR$2,630
Market$3,450
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.76
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 12429 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12429 (Esopus, NY) is $2,000 a month. That is down 0.5% from $2,010 in FY 2026. Esopus is in the Kingston, NY MSA. 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 $1,878. Among 69 ZIP codes in Ulster County, 12429 is tied for the 22nd-highest two-bedroom rent (county range $1,640–$2,820). The median county two-bedroom FMR in New York is $1,385, so ZIP 12429 is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12429
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,390
−3.5%
$1,251–$1,529
1BR
$1,530
$1,530
0.0%
$1,377–$1,683
2BR
$2,010
$2,000
−0.5%
$1,800–$2,200
3BR
$2,480
$2,430
−2.0%
$2,187–$2,673
4BR
$2,660
$2,630
−1.1%
$2,367–$2,893
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12429
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,530
$2,000
$2,430
$2,630
FY 2026
$1,440
$1,530
$2,010
$2,480
$2,660
FY 2025
$1,490
$1,490
$1,950
$2,470
$2,670
FY 2024
$1,410
$1,430
$1,870
$2,400
$2,700
FY 2023
$1,200
$1,280
$1,660
$2,180
$2,420
Two-bedroom rent in nearby Ulster County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12429?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,878, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,690 to $2,066 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 12429 in?
ZIP 12429 is in the Kingston, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,878.
How much did fair market rent change in ZIP 12429 for FY 2027?
The two-bedroom FMR fell 0.5%, from $2,010 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 20.5%.
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