FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR
0.84ratio
FMR$1,230
Market$1,470
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.87ratio
FMR$1,530
Market$1,760
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
0.99ratio
FMR$1,850
Market$1,860
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
0.91ratio
FMR$2,010
Market$2,200
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.91
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 13218 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13218 (Syracuse, NY) is $1,530 a month. That is up 7.0% from $1,430 in FY 2026. Syracuse is in the Syracuse, 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 $1,493. Among 69 ZIP codes in Onondaga County, 13218 is tied for the 24th-highest two-bedroom rent (county range $1,260–$2,180). The median county two-bedroom FMR in New York is $1,385, so ZIP 13218 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 13218
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,080
+5.9%
$972–$1,188
1BR
$1,150
$1,230
+7.0%
$1,107–$1,353
2BR
$1,430
$1,530
+7.0%
$1,377–$1,683
3BR
$1,740
$1,850
+6.3%
$1,665–$2,035
4BR
$1,900
$2,010
+5.8%
$1,809–$2,211
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 13218
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,230
$1,530
$1,850
$2,010
FY 2026
$1,020
$1,150
$1,430
$1,740
$1,900
FY 2025
$980
$1,100
$1,350
$1,650
$1,860
FY 2024
$850
$940
$1,150
$1,410
$1,630
FY 2023
$820
$910
$1,130
$1,390
$1,610
Two-bedroom rent in nearby Onondaga County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 13218?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,493, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,344 to $1,642 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 13218 in?
ZIP 13218 is in the Syracuse, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,493.
How much did fair market rent change in ZIP 13218 for FY 2027?
The two-bedroom FMR rose 7.0%, from $1,430 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 35.4%.
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