FY2027 Small Area FMR · Shrub Oak, NY

ZIP 10588 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 10588 (Shrub Oak, NY) is $2,620 a month, up 4.4% from FY2026. That is 12% below the New York, NY area-wide FMR of $2,971.

2-bedroom SAFMR$2,620per month ▲ 4.4%

Area-wide 2 BR FMR$2,971New York, NY

Rank in the area370thof 410 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,358

2 BR Small Area FMR$2,620

110% of SAFMR$2,882

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,280▲ 5.1%

1 BR$2,390▲ 5.8%

2 BR$2,620▲ 4.4%

3 BR$3,280▲ 5.1%

4 BR$3,570▲ 5.9%

FY2027 FY2026

Where 10588 sits in the New York, NY area

Of the 410 ZIP codes HUD lists for the area, 10588 has the 370th 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 $2,620 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,280	$2,052 – $2,508	$2,593	$2,170
1 bedroom	$2,390	$2,151 – $2,629	$2,729	$2,260
2 bedrooms	$2,620	$2,358 – $2,882	$2,971	$2,510
3 bedrooms	$3,280	$2,952 – $3,608	$3,760	$3,120
4 bedrooms	$3,570	$3,213 – $3,927	$4,121	$3,370

A household renting a two-bedroom home at the Small Area FMR of $2,620 needs about $104,800 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 10588 lies mainly in Westchester County and Putnam County. See the New York, NY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
10535	Jefferson Valley	1.5 mi	$3,040
10547	Mohegan Lake	1.9 mi	$3,540
10527	Granite Springs	2.9 mi	$3,690
10537	Lake Peekskill	3.0 mi	$3,600
10517	Crompond	3.2 mi	$2,620
10598	Yorktown Heights	3.6 mi	$3,690

Questions

What is the Fair Market Rent for ZIP code 10588?

HUD's FY2027 Small Area Fair Market Rents for 10588 are $2,280 (studio), $2,390 (1 BR), $2,620 (2 BR), $3,280 (3 BR) and $3,570 (4 BR) a month.

What is the Section 8 payment standard in 10588?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 10588 that range is $2,358 to $2,882 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 10588?

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.