HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Putnam County, New York (FY 2027)
A two-bedroom in Putnam County carries a FY 2027 Fair Market Rent of $2,971 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Putnam keys off that figure.
Two-bedroom FMR
$2,971
+2.1% from FY 2026
Payment standard
$2,674–$3,268
90% to 110% of the FMR, two-bedroom
Income to afford
$118,840
a year, with rent at 30% of income
Rank in New York
4th 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 | $2,593 | $2,334–$2,852 | $103,720 | $49.87/hr | +2.5% |
| 1 bedroom | $2,729 | $2,456–$3,002 | $109,160 | $52.48/hr | +2.8% |
| 2 bedroom | $2,971 | $2,674–$3,268 | $118,840 | $57.13/hr | +2.1% |
| 3 bedroom | $3,760 | $3,384–$4,136 | $150,400 | $72.31/hr | +3.2% |
| 4 bedroom | $4,121 | $3,709–$4,533 | $164,840 | $79.25/hr | +4.1% |
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 | $4,739 | $4,265–$5,213 |
| 6 bedroom Estimate | $5,357 | $4,821–$5,893 |
| 7 bedroom Estimate | $5,975 | $5,378–$6,573 |
| 8 bedroom Estimate | $6,594 | $5,935–$7,253 |
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 Putnam actually rent for?
Search any address in Putnam for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
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 Putnam somewhere between $2,674 and $3,268. 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.
$2,971 a month is affordable, by HUD's 30% rule, on an income of roughly $118,840 a year. Put another way, $57 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%$2,674 | Voucher pays at 100%$2,971 | Voucher pays at 110%$3,268 |
|---|---|---|---|---|
| $2,500 | $750 | $1,924 | $2,221 | $2,518 |
| $4,000 | $1,200 | $1,474 | $1,771 | $2,068 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($2,910) to FY 2027 ($2,971). Since FY 2020 it's up 52% in total, about 6.2% 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 | $1,665 | $1,714 | $1,951 | $2,472 | $2,643 | — |
| FY 2021 | $1,760 | $1,801 | $2,053 | $2,598 | $2,784 | +5.2% |
| FY 2022 | $2,018 | $2,054 | $2,340 | $2,952 | $3,173 | +14.0% |
| FY 2023 | $2,123 | $2,170 | $2,451 | $3,078 | $3,316 | +4.7% |
| FY 2024 | $2,386 | $2,451 | $2,752 | $3,434 | $3,700 | +12.3% |
| FY 2025 | $2,406 | $2,511 | $2,780 | $3,465 | $3,738 | +1.0% |
| FY 2026 | $2,529 | $2,655 | $2,910 | $3,644 | $3,959 | +4.7% |
| FY 2027In effect | $2,593 | $2,729 | $2,971 | $3,760 | $4,121 | +2.1% |
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 Putnam, that runs from $2,593 for a studio up to $4,121 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Putnam in with 7 other counties in the New York metro, Kings County, Queens County, New York County among them, and every one of them gets $2,971 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among New York's 62 counties, Putnam ranks 4th for two-bedroom FMR. That's about 115% above the state median of $1,385 and about 179% above the national median county at $1,063. About 98,107 people live here, 29th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $2,620 in 10512 (Carmel) and $3,960 in 10524 (Garrison), with the 9 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.
Counties sharing the New York metro rate
HUD sets one rate for the whole metro, so every county here carries the same $2,971 two-bedroom figure as Putnam.
Nearby counties
Two-bedroom FMR, with how each compares to Putnam.
Westchester County
20 mi · 999,677 people
$2,971
same rate
Rockland County
23 mi · 341,883 people
$2,971
same rate
Dutchess County
24 mi · 298,220 people
$2,131
-28%
Orange County
25 mi · 406,616 people
$2,131
-28%
Bronx County
38 mi · 1,404,779 people
$2,971
same rate
Ulster County
39 mi · 182,601 people
$1,878
-37%
New York County
46 mi · 1,629,477 people
$2,971
same rate
Nassau County
47 mi · 1,389,591 people
$2,689
-9%
Questions people ask
$2,971 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $2,593 for a studio, $2,729 for one bedroom, $3,760 for three and $4,121 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 Putnam actually go for?
HUD's number is one input. Search any address in Putnam for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.