FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.95ratio
FMR$1,230
Market$1,300
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.97ratio
FMR$1,600
Market$1,650
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
1.16ratio
FMR$2,190
Market$1,890
vs market+$300
FMR is above market; underwrite to market rent.
1.16
4 BR
4 BR
1.33ratio
FMR$2,600
Market$1,960
vs market+$640
FMR is above market; underwrite to market rent.
1.33
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 13602 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 13602 (Fort Drum, NY) is $1,600 a month. That is down 3.6% from $1,660 in FY 2026. Fort Drum is in the Watertown-Fort Drum, 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 $1,453. Among 46 ZIP codes in Jefferson County, 13602 is tied for the 2nd-highest two-bedroom rent (county range $1,270–$1,800). The median county two-bedroom FMR in New York is $1,385, so ZIP 13602 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 13602
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,110
−1.8%
$999–$1,221
1BR
$1,260
$1,230
−2.4%
$1,107–$1,353
2BR
$1,660
$1,600
−3.6%
$1,440–$1,760
3BR
$2,250
$2,190
−2.7%
$1,971–$2,409
4BR
$2,720
$2,600
−4.4%
$2,340–$2,860
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 13602
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,230
$1,600
$2,190
$2,600
FY 2026
$1,130
$1,260
$1,660
$2,250
$2,720
FY 2025
$1,250
$1,400
$1,840
$2,500
$3,020
FY 2024
$1,380
$1,550
$2,040
$2,770
$3,350
FY 2023
$1,220
$1,390
$1,830
$2,470
$2,920
Two-bedroom rent in nearby Jefferson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 13602?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,453, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,308 to $1,598 a month; under the ZIP-level Small Area FMR of $1,600 it would be $1,440 to $1,760. 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 13602 in?
ZIP 13602 is in the Watertown-Fort Drum, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,453.
How much did fair market rent change in ZIP 13602 for FY 2027?
The two-bedroom FMR fell 3.6%, from $1,660 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has fallen 12.6%.
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