Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 14831 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 14831 (Corning, NY) is $1,058 a month. That is down 2.1% from $1,081 in FY 2026. Corning is in the Steuben County, NY non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in New York is $1,385, so ZIP 14831 is 24% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 14831
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$865
$831
−3.9%
$748–$914
1BR
$871
$836
−4.0%
$752–$920
2BR
$1,081
$1,058
−2.1%
$952–$1,164
3BR
$1,410
$1,399
−0.8%
$1,259–$1,539
4BR
$1,800
$1,768
−1.8%
$1,591–$1,945
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 14831
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$831
$836
$1,058
$1,399
$1,768
FY 2026
$865
$871
$1,081
$1,410
$1,800
FY 2025
$829
$834
$1,013
$1,308
$1,701
FY 2024
$743
$759
$905
$1,167
$1,497
FY 2023
$676
$714
$844
$1,099
$1,407
Questions about ZIP 14831 rents
How much will Section 8 pay for a two-bedroom in ZIP 14831?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,058, that basic range is $952 to $1,164 a month. 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 14831 in?
ZIP 14831 is in the Steuben County, NY non-metropolitan FMR area.
How much did fair market rent change in ZIP 14831 for FY 2027?
The two-bedroom FMR fell 2.1%, from $1,081 in FY 2026 to $1,058 in FY 2027. Since FY 2023 it has risen 25.4%.
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 Fair Market Rents. 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