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 13102 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13102 (Mc Lean, NY) is $1,580 a month. That is up 2.6% from $1,540 in FY 2026. Mc Lean is in the Ithaca, 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 $1,709. Among 21 ZIP codes in Tompkins County, 13102 is tied for the 10th-highest two-bedroom rent (county range $1,580–$1,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 13102 is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 13102
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,140
−4.2%
$1,026–$1,254
1BR
$1,350
$1,320
−2.2%
$1,188–$1,452
2BR
$1,540
$1,580
+2.6%
$1,422–$1,738
3BR
$1,850
$1,900
+2.7%
$1,710–$2,090
4BR
$2,120
$2,370
+11.8%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 13102
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,320
$1,580
$1,900
$2,370
FY 2026
$1,190
$1,350
$1,540
$1,850
$2,120
FY 2025
$1,180
$1,300
$1,500
$1,860
$2,010
FY 2024
$1,070
$1,150
$1,340
$1,710
$1,800
FY 2023
$950
$1,020
$1,230
$1,570
$1,670
Two-bedroom rent in nearby Tompkins County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 13102?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,709, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,538 to $1,880 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 13102 in?
ZIP 13102 is in the Ithaca, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,709.
How much did fair market rent change in ZIP 13102 for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,540 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 28.5%.
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