FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR
0.82ratio
FMR$1,620
Market$1,980
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.80ratio
FMR$2,080
Market$2,600
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.83ratio
FMR$2,620
Market$3,160
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR
0.73ratio
FMR$2,760
Market$3,780
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.73
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 12537 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12537 (Hughsonville, NY) is $2,080 a month. That is up 7.2% from $1,940 in FY 2026. Hughsonville 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, 12537 is tied for the 22nd-highest two-bedroom rent (county range $1,790–$3,010). The median county two-bedroom FMR in New York is $1,385, so ZIP 12537 is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12537
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,450
+8.2%
$1,305–$1,595
1BR
$1,520
$1,620
+6.6%
$1,458–$1,782
2BR
$1,940
$2,080
+7.2%
$1,872–$2,288
3BR
$2,460
$2,620
+6.5%
$2,358–$2,882
4BR
$2,640
$2,760
+4.5%
$2,484–$3,036
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12537
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,620
$2,080
$2,620
$2,760
FY 2026
$1,340
$1,520
$1,940
$2,460
$2,640
FY 2025
$1,280
$1,460
$1,860
$2,370
$2,570
FY 2024
$1,210
$1,390
$1,790
$2,270
$2,510
FY 2023
$1,100
$1,210
$1,550
$1,970
$2,190
Two-bedroom rent in nearby Dutchess County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12537?
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 $2,080 it would be $1,872 to $2,288. 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 12537 in?
ZIP 12537 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 12537 for FY 2027?
The two-bedroom FMR rose 7.2%, from $1,940 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 34.2%.
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