FY2027 Small Area FMR · New York, NY
ZIP 10016 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 10016 (New York, NY) is $4,460 a month, up 2.1% from FY2026. That is 50% above the New York, NY area-wide FMR of $2,971.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 10016 sits in the New York, NY area
Of the 410 ZIP codes HUD lists for the area, 10016 has the 1st highest two-bedroom Small Area FMR. New York, NY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,971 for two bedrooms; an agency that opts in to Small Area FMRs would use $4,460 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $3,890 | $3,501 – $4,279 | $2,593 | $3,800 |
| 1 bedroom | $4,100 | $3,690 – $4,510 | $2,729 | $3,990 |
| 2 bedrooms | $4,460 | $4,014 – $4,906 | $2,971 | $4,370 |
| 3 bedrooms | $5,640 | $5,076 – $6,204 | $3,760 | $5,470 |
| 4 bedrooms | $6,190 | $5,571 – $6,809 | $4,121 | $5,950 |
A household renting a two-bedroom home at the Small Area FMR of $4,460 needs about $178,400 a year to keep housing costs at 30% of income. The area median family income is $104,300 and the 80% low-income limit for four people is $135,700. ZIP code 10016 lies mainly in New York County. See the New York, NY metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 10016?
HUD's FY2027 Small Area Fair Market Rents for 10016 are $3,890 (studio), $4,100 (1 BR), $4,460 (2 BR), $5,640 (3 BR) and $6,190 (4 BR) a month.
What is the Section 8 payment standard in 10016?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 10016 that range is $4,014 to $4,906 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 10016?
The FY2026 income limits of the New York, NY area apply: median family income $104,300, low-income (80%) limit $135,700 for a family of four.