FY2027 Small Area FMR · Yonkers, NY

ZIP 10703 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 10703 (Yonkers, NY) is $2,760 a month, up 4.9% from FY2026. That is 7% below the New York, NY area-wide FMR of $2,971.

2-bedroom SAFMR$2,760per month ▲ 4.9%

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

Rank in the area343rdof 410 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,484

2 BR Small Area FMR$2,760

110% of SAFMR$3,036

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

Studio$2,410▲ 5.2%

1 BR$2,540▲ 5.8%

2 BR$2,760▲ 4.9%

3 BR$3,490▲ 6.1%

4 BR$3,830▲ 7.0%

FY2027 FY2026

Where 10703 sits in the New York, NY area

Of the 410 ZIP codes HUD lists for the area, 10703 has the 343rd 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 $2,760 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	$2,410	$2,169 – $2,651	$2,593	$2,290
1 bedroom	$2,540	$2,286 – $2,794	$2,729	$2,400
2 bedrooms	$2,760	$2,484 – $3,036	$2,971	$2,630
3 bedrooms	$3,490	$3,141 – $3,839	$3,760	$3,290
4 bedrooms	$3,830	$3,447 – $4,213	$4,121	$3,580

A household renting a two-bedroom home at the Small Area FMR of $2,760 needs about $110,400 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 10703 lies mainly in Westchester 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
10701	Yonkers	1.0 mi	$3,120
10710	Yonkers	1.8 mi	$2,880
07620	Alpine	2.0 mi	$3,200
10706	Hastings On Hudson	2.2 mi	$3,050
10705	Yonkers	2.8 mi	$2,920
10704	Yonkers	2.9 mi	$2,930

Questions

What is the Fair Market Rent for ZIP code 10703?

HUD's FY2027 Small Area Fair Market Rents for 10703 are $2,410 (studio), $2,540 (1 BR), $2,760 (2 BR), $3,490 (3 BR) and $3,830 (4 BR) a month.

What is the Section 8 payment standard in 10703?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 10703 that range is $2,484 to $3,036 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 10703?

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.