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 14854 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 14854 (Jacksonville, NY) is $1,650 a month. That is unchanged from FY 2026. Jacksonville 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, 14854 has the 8th-highest two-bedroom rent (county range $1,580–$1,950). The median county two-bedroom FMR in New York is $1,385, so ZIP 14854 is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 14854
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,150
−3.4%
$1,035–$1,265
1BR
$1,360
$1,350
−0.7%
$1,215–$1,485
2BR
$1,650
$1,650
0.0%
$1,485–$1,815
3BR
$2,040
$1,990
−2.5%
$1,791–$2,189
4BR
$2,430
$2,460
+1.2%
$2,214–$2,706
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 14854
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,350
$1,650
$1,990
$2,460
FY 2026
$1,190
$1,360
$1,650
$2,040
$2,430
FY 2025
$1,210
$1,350
$1,590
$1,960
$2,230
FY 2024
$1,210
$1,320
$1,530
$1,890
$2,050
FY 2023
$1,100
$1,180
$1,380
$1,750
$1,850
Two-bedroom rent in nearby Tompkins County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 14854?
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 $1,650 it would be $1,485 to $1,815. 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 14854 in?
ZIP 14854 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 14854 for FY 2027?
The two-bedroom FMR was unchanged at $1,650 in FY 2027. Since FY 2023 it has risen 19.6%.
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