HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Otsego County, New York (FY 2026)
$1,228 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Otsego County, and it's the baseline every voucher in Otsego is measured against.
2 bedroom FMR
$1,228
FY 2026, utilities included
Payment standard range
$1,105 to $1,351
90% to 110% of FMR
Income to afford 2BR
$49,120
per year, at 30% of income
Rank in New York
39th of 62
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Otsego moves to $1,235. That's up 1%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Otsego actually rent for?
Search any address in Otsego for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $847 | $762 to $932 | $33,880 | $16.29/hr | +4.3% |
| 1 bedroom | $965 | $869 to $1,062 | $38,600 | $18.56/hr | +0.8% |
| 2 bedroom | $1,228 | $1,105 to $1,351 | $49,120 | $23.62/hr | +3.7% |
| 3 bedroom | $1,472 | $1,325 to $1,619 | $58,880 | $28.31/hr | +3.2% |
| 4 bedroom | $1,626 | $1,463 to $1,789 | $65,040 | $31.27/hr | +3.6% |
5 to 8 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 | $1,870 | $1,683 to $2,057 |
| 6 bedroom Estimate | $2,114 | $1,903 to $2,325 |
| 7 bedroom Estimate | $2,358 | $2,122 to $2,594 |
| 8 bedroom Estimate | $2,602 | $2,342 to $2,862 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Otsego, that runs from $847 for a studio up to $1,626 for four bedrooms, all five rates in the table above.
Because Otsego 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, East Worcester included.
Among New York's 62 counties, Otsego ranks 39th for two-bedroom FMR. That's about 10% below the state median of $1,361 and about 21% above the national median county at $1,018. About 59,678 people live here, 43rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,070 in 13335 (Edmeston) and $1,560 in 13337 (Fly Creek), with the 32 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 |
|---|---|---|---|
| 12064 | East Worcester | $1,370 | +11.6% |
| 12116 | Maryland | $1,300 | +5.9% |
| 12155 | Schenevus | $1,330 | +8.3% |
| 12197 | Worcester | $1,340 | +9.1% |
| 13315 | Burlington Flats | $1,190 | -3.1% |
| 13320 | Cherry Valley | $1,340 | +9.1% |
| 13326 | Cooperstown | $1,440 | +17.3% |
| 13333 | East Springfield | $1,320 | +7.5% |
| 13335 | Edmeston | $1,070 | -12.9% |
| 13337 | Fly Creek | $1,560 | +27.0% |
| 13342 | Garrattsville | $1,070 | -12.9% |
| 13348 | Hartwick | $1,140 | -7.2% |
| 13415 | New Lisbon | $1,070 | -12.9% |
| 13439 | Richfield Springs | $1,070 | -12.9% |
| 13450 | Roseboom | $1,270 | +3.4% |
| 13457 | Schuyler Lake | $1,110 | -9.6% |
| 13468 | Springfield Center | $1,250 | +1.8% |
| 13482 | West Burlington | $1,150 | -6.4% |
| 13485 | West Edmeston | $1,210 | -1.5% |
| 13488 | Westford | $1,220 | -0.7% |
| 13747 | Colliersville | $1,230 | +0.2% |
| 13776 | Gilbertsville | $1,390 | +13.2% |
| 13796 | Laurens | $1,220 | -0.7% |
| 13807 | Milford | $1,070 | -12.9% |
| 13808 | Morris | $1,070 | -12.9% |
| 13810 | Mount Vision | $1,070 | -12.9% |
| 13820 | Oneonta | $1,260 | +2.6% |
| 13825 | Otego | $1,110 | -9.6% |
| 13834 | Portlandville | $1,150 | -6.4% |
| 13849 | Unadilla | $1,130 | -8.0% |
| 13859 | Wells Bridge | $1,120 | -8.8% |
| 13861 | West Oneonta | $1,190 | -3.1% |
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 Otsego somewhere between $1,105 and $1,351. 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.
$1,228 a month is affordable, by HUD's 30% rule, on an income of roughly $49,120 a year. Put another way, $24 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,105) | HAP at 100% ($1,228) | HAP at 110% ($1,351) |
|---|---|---|---|---|
| $2,500 | $750 | $355 | $478 | $601 |
| $4,000 | $1,200 | $0 | $28 | $151 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($1,184) to FY 2026 ($1,228). Since FY 2020 it's up 41% in total, about 5.9% a year. The New York median moved up 5% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $692 | $696 | $873 | $1,095 | $1,404 | — |
| FY 2021 | $732 | $737 | $916 | $1,182 | $1,425 | +4.9% |
| FY 2022 | $723 | $734 | $892 | $1,151 | $1,307 | -2.6% |
| FY 2023 | $720 | $827 | $990 | $1,254 | $1,381 | +11.0% |
| FY 2024 | $719 | $879 | $1,061 | $1,304 | $1,413 | +7.2% |
| FY 2025 | $812 | $957 | $1,184 | $1,426 | $1,570 | +11.6% |
| FY 2026 | $847 | $965 | $1,228 | $1,472 | $1,626 | +3.7% |
| FY 2027 | $860 | $961 | $1,235 | $1,472 | $1,653 | +0.6% |
Nearby counties
Delaware County
$1,03326 mi · pop 44,637
Chenango County
$97329 mi · pop 47,096
Schoharie County
$1,70230 mi · pop 29,970
Madison County
$1,39236 mi · pop 68,020
Montgomery County
$1,10238 mi · pop 49,624
Herkimer County
$1,17239 mi · pop 60,293
Oneida County
$1,17241 mi · pop 231,055
Fulton County
$1,08749 mi · pop 53,280
Questions people ask
$1,228 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $847 for a studio, $965 for one bedroom, $1,472 for three and $1,626 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Otsego actually go for?
HUD's number is one input. Search any address in Otsego for a rent estimate built from nearby comps. 3 free searches, no card.
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