HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Chenango County, New York (FY 2027)
$1,014 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Chenango County, and it's the baseline every voucher in Chenango is measured against.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in New York
59th of 62
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $850 | $765–$935 | $34,000 | $16.35/hr | +0.2% |
| 1 bedroom | $855 | $770–$941 | $34,200 | $16.44/hr | 0.0% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,404 | $1,264–$1,544 | $56,160 | $27.00/hr | +3.8% |
| 4 bedroom | $1,512 | $1,361–$1,663 | $60,480 | $29.08/hr | +2.0% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,739 | $1,565–$1,913 |
| 6 bedroom Estimate | $1,966 | $1,769–$2,163 |
| 7 bedroom Estimate | $2,192 | $1,973–$2,411 |
| 8 bedroom Estimate | $2,419 | $2,177–$2,661 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Chenango actually rent for?
Search any address in Chenango for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Chenango somewhere between $913 and $1,115. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 30% in total, about 3.8% a year. The New York median moved up 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $546 | $629 | $780 | $978 | $1,057 | — |
| FY 2021 | $543 | $646 | $791 | $1,007 | $1,073 | +1.4% |
| FY 2022 | $525 | $638 | $767 | $979 | $1,044 | -3.0% |
| FY 2023 | $577 | $696 | $829 | $1,077 | $1,192 | +8.1% |
| FY 2024 | $672 | $777 | $905 | $1,214 | $1,354 | +9.2% |
| FY 2025 | $754 | $820 | $938 | $1,292 | $1,418 | +3.6% |
| FY 2026 | $848 | $855 | $973 | $1,353 | $1,482 | +3.7% |
| FY 2027In effect | $850 | $855 | $1,014 | $1,404 | $1,512 | +4.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Chenango, that runs from $850 for a studio up to $1,512 for four bedrooms, all five rates in the table above.
Because Chenango sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, North Pitcher included.
Among New York's 62 counties, Chenango ranks 59th for two-bedroom FMR. That's about 27% below the state median of $1,385 and about 5% below the national median county at $1,063. About 46,321 people live here, 51st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 13155 (South Otselic) and $1,570 in 13332 (Earlville), with the 21 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 13124 | North Pitcher | $1,050 | +3.6% |
| 13136 | Pitcher | $1,080 | +6.5% |
| 13155 | South Otselic | $1,010 | -0.4% |
| 13332 | Earlville | $1,570 | +54.8% |
| 13411 | New Berlin | $1,110 | +9.5% |
| 13460 | Sherburne | $1,260 | +24.3% |
| 13464 | Smyrna | $1,380 | +36.1% |
| 13730 | Afton | $1,010 | -0.4% |
| 13733 | Bainbridge | $1,110 | +9.5% |
| 13758 | East Pharsalia | $1,010 | -0.4% |
| 13778 | Greene | $1,010 | -0.4% |
| 13780 | Guilford | $1,090 | +7.5% |
| 13801 | Mc Donough | $1,050 | +3.6% |
| 13809 | Mount Upton | $1,230 | +21.3% |
| 13814 | North Norwich | $1,030 | +1.6% |
| 13815 | Norwich | $1,040 | +2.6% |
| 13830 | Oxford | $1,030 | +1.6% |
| 13832 | Plymouth | $1,320 | +30.2% |
| 13841 | Smithville Flats | $1,230 | +21.3% |
| 13843 | South New Berlin | $1,110 | +9.5% |
| 13844 | South Plymouth | $1,520 | +49.9% |
Nearby counties
Two-bedroom FMR, with how each compares to Chenango.
Cortland County
25 mi · 46,246 people
$1,171
+15%
Madison County
26 mi · 67,328 people
$1,493
+47%
Otsego County
29 mi · 60,108 people
$1,235
+22%
Broome County
30 mi · 197,378 people
$1,219
+20%
Delaware County
40 mi · 44,487 people
$1,017
same rate
Tompkins County
43 mi · 104,537 people
$1,709
+69%
Oneida County
45 mi · 229,124 people
$1,210
+19%
Onondaga County
45 mi · 471,129 people
$1,493
+47%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $850 for a studio, $855 for one bedroom, $1,404 for three and $1,512 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Chenango actually go for?
HUD's number is one input. Search any address in Chenango for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.