FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR
0.77ratio
FMR$1,640
Market$2,130
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR
0.70ratio
FMR$2,100
Market$3,010
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR
0.75ratio
FMR$2,640
Market$3,530
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR
0.70ratio
FMR$2,780
Market$3,990
vs market-$1,210
FMR is below market; voucher rent may lag private rents.
0.70
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 12504 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12504 (Annandale On Hudson, NY) is $2,100 a month. That is up 7.7% from $1,950 in FY 2026. Annandale On Hudson is in the Kiryas Joel-Poughkeepsie-Newburgh, 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 $2,131. Among 39 ZIP codes in Dutchess County, 12504 has the 21st-highest two-bedroom rent (county range $1,790–$3,010). The median county two-bedroom FMR in New York is $1,385, so ZIP 12504 is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12504
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,480
+8.0%
$1,332–$1,628
1BR
$1,530
$1,640
+7.2%
$1,476–$1,804
2BR
$1,950
$2,100
+7.7%
$1,890–$2,310
3BR
$2,470
$2,640
+6.9%
$2,376–$2,904
4BR
$2,650
$2,780
+4.9%
$2,502–$3,058
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12504
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,640
$2,100
$2,640
$2,780
FY 2026
$1,370
$1,530
$1,950
$2,470
$2,650
FY 2025
$1,310
$1,480
$1,880
$2,400
$2,590
FY 2024
$1,250
$1,430
$1,840
$2,330
$2,580
FY 2023
$1,230
$1,350
$1,730
$2,200
$2,450
Two-bedroom rent in nearby Dutchess County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12504?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,918 to $2,344 a month; under the ZIP-level Small Area FMR of $2,100 it would be $1,890 to $2,310. 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 12504 in?
ZIP 12504 is in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,131.
How much did fair market rent change in ZIP 12504 for FY 2027?
The two-bedroom FMR rose 7.7%, from $1,950 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 21.4%.
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