FY2027 Small Area FMR · New Hyde Park, NY

ZIP 11042 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 11042 (New Hyde Park, NY) is $3,130 a month, down 1.9% from FY2026. That is 16% above the Nassau-Suffolk, NY area-wide FMR of $2,689.

2-bedroom SAFMR$3,130per month ▼ 1.9%

Area-wide 2 BR FMR$2,689Nassau-Suffolk, NY

Rank in the area35thof 190 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,817

2 BR Small Area FMR$3,130

110% of SAFMR$3,443

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

Studio$2,370▼ 0.8%

1 BR$2,700▼ 3.2%

2 BR$3,130▼ 1.9%

3 BR$4,020▼ 2.2%

4 BR$4,290▼ 1.8%

FY2027 FY2026

Where 11042 sits in the Nassau-Suffolk, NY area

Of the 190 ZIP codes HUD lists for the area, 11042 has the 35th highest two-bedroom Small Area FMR. Nassau-Suffolk, 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 $2,689 for two bedrooms; an agency that opts in to Small Area FMRs would use $3,130 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	$2,370	$2,133 – $2,607	$1,964	$2,390
1 bedroom	$2,700	$2,430 – $2,970	$2,285	$2,790
2 bedrooms	$3,130	$2,817 – $3,443	$2,689	$3,190
3 bedrooms	$4,020	$3,618 – $4,422	$3,458	$4,110
4 bedrooms	$4,290	$3,861 – $4,719	$3,671	$4,370

A household renting a two-bedroom home at the Small Area FMR of $3,130 needs about $125,200 a year to keep housing costs at 30% of income. The area median family income is $164,300 and the 80% low-income limit for four people is $128,100. ZIP code 11042 lies mainly in Nassau County. See the Nassau-Suffolk, NY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
11005	Floral Park	0.9 mi	$3,490
11004	Glen Oaks	1.1 mi	$3,110
11040	New Hyde Park	1.3 mi	$2,920
11020	Great Neck	1.3 mi	$3,360
11362	Little Neck	2.0 mi	$4,380
11426	Bellerose	2.0 mi	$3,350

Questions

What is the Fair Market Rent for ZIP code 11042?

HUD's FY2027 Small Area Fair Market Rents for 11042 are $2,370 (studio), $2,700 (1 BR), $3,130 (2 BR), $4,020 (3 BR) and $4,290 (4 BR) a month.

What is the Section 8 payment standard in 11042?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 11042 that range is $2,817 to $3,443 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 11042?

The FY2026 income limits of the Nassau-Suffolk, NY area apply: median family income $164,300, low-income (80%) limit $128,100 for a family of four.